TITLE

Prime Brokers Get a Warning Shot

AUTHOR(S)
O'Leary, Christopher
PUB. DATE
April 2007
SOURCE
Investment Dealers' Digest;4/23/2007, Vol. 73 Issue 16, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
24851215

 

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