Former CIBC trader charged with financing illegal fund trading

A former managing director at Canadian Imperial Bank of Commerce has become the first person to be charged with helping fund illegal mutual fund transactions as part of a widening investigation by US regulators into fund trading abuses.

Paul Flynn, formerly head of equity investments at Canadian Imperial Holdings, a subsidiary of CIBC, is alleged to have helped finance certain hedge funds that traded unlawfully in mutual funds.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It