Prime Brokers Get a Warning Shot

O'Leary, Christopher
April 2007
Investment Dealers' Digest;4/23/2007, Vol. 73 Issue 16, p3
Trade Publication
The article discusses the lawsuits filed by traders for the excessive fees charged by prime brokers at Wall Street in New York City. The brokerage firms who are involved in the suit are Bear Stearns Cos. Inc., Morgan Stanley & Co. Inc., and Goldman Sachs Group Inc. Philip Anker and James Millar, attorneys of WilmerHale, stated that Bear Stearns was charged of fraud because it did not act with sufficient diligence to satisfy the good faith standard.


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