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9Questions — Matt Beardall and Dave Khalsa, JP Morgan — Finding a home in Charlotte

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9Questions — Matt Beardall and Dave Khalsa, JP Morgan — Finding a home in Charlotte

Tom Quinn and Shubham Saharan18 Sept 2025 | US | 7 minute read

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Forged docs, double-pledging and misappropriation of funds… MFS allegations pile up

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Forged docs, double-pledging and misappropriation of funds… MFS allegations pile up

Court documents obtained by 9fin shed new light on the schemes allegedly used by Paresh Raja, the director of collapsed UK bridging lender Market Financial Solutions, to defraud institutional and high-net-worth funders — including loans to companies secretly controlled by Raja, forged loan documents, and double-pledged collateral.

Excess Spread — Vibes v code, CAULIFLOWER

9fin | The investment banks exposed to MFS aren’t saying much, but institutions that weren’t have some stories. Asif Godall, formerly CIO of Cairn Capital (Polus), latterly head of EMEA markets at Mizuho, gave a long account of his engagement with MFS.

JP Morgan attempts to make markets on private credit secondaries amid software selloff

JP Morgan is attempting to reignite interest in private credit secondaries as the threat of new AI tools stirs unease in public markets, according to 9fin sources.

Senate bill spells trouble for $50bn+ SFR RMBS market

The 21st Century ROAD to Housing Act is already having a dampening effect on private real estate, 9fin reports.

SEC hands CLOs a regulatory break with fund-of-funds clarification

9fin | The US Securities & Exchange Commission has quietly handed the CLO market a meaningful win. In guidance issued on Thursday (5 March), the agency clarified that debt securities issued by CLOs do not have to count toward the so-called “10% bucket” under Rule 12d1-4.

Oil rally squeezes Mexico fiscal accounts, but Pemex aid is safe

9fin | The oil price rally triggered by the Middle East conflict will directly impact Mexico's government budget and could affect the massive support for state-owned company Pemex

10 Mar 2026

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9Questions — Matt Beardall and Dave Khalsa, JP Morgan — Finding a home in Charlotte

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Forged docs, double-pledging and misappropriation of funds… MFS allegations pile up

Excess Spread — Vibes v code, CAULIFLOWER

JP Morgan attempts to make markets on private credit secondaries amid software selloff

Senate bill spells trouble for $50bn+ SFR RMBS market

SEC hands CLOs a regulatory break with fund-of-funds clarification

Oil rally squeezes Mexico fiscal accounts, but Pemex aid is safe