TITLE

Out Takes

AUTHOR(S)
Lugo, Denise
PUB. DATE
January 2005
SOURCE
Investment Dealers' Digest;1/17/2005, Vol. 71 Issue 2, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents news related to the field of securities industry. The U.S. Securities and Exchange Commission has started talking to brokerage firms about a combined settlement in relation to its investigation of the $204 billion auction-rate bond market. The SEC's probe into 25 brokerages looked at whether brokers tipped favored customers to other investors' bids, or bid for their own accounts while managing the auctions. The SEC is also likely to charge the New York Stock Exchange with failing to supervise its specialist firms properly and for ignoring violations that robbed investors of millions.
ACCESSION #
15682752

 

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