TITLE

Appeals court ruling may hurt SEC cases in yield burning

AUTHOR(S)
Hume, Lynn Stevens; Reynolds, Katherine M.
PUB. DATE
January 1998
SOURCE
Bond Buyer;01/07/98, Vol. 323 Issue 30305, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the ruling of a federal appeals court upholding the dismissal of Mexico-based Banca Cremi's securities fraud case against Alex Brown & Sons Inc. Effects of the ruling to the US Securities & Exchange Commission's ability to bring enforcement action against municipal bond dealers for yield-burning abuses; Claims of the bank on the excessiveness of Alex. Brown's markups.
ACCESSION #
116626

 

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