| For immediate release |
|
The Federal Reserve Board today announced the issuance of
a combined Order to Cease and Desist and Order of Assessment of a
Civil Money Penalty against Oliver Lu, a former employee of BT Co.,
Tokyo, Japan, a subsidiary of Bankers Trust New York Corporation,
New York.
Mr. Lu, without admitting to any allegations, consented to the issuance of the order in connection with his alleged involvement in the structuring of leveraged derivative transactions marketed and sold to customers of Bankers Trust New York Corporation and its subsidiaries. Mr. Lu paid a civil money penalty of $50,000. A copy of the order is attached. |
| Order (219 KB PDF) |