Everen Owes Issuers $310,000 in Yield-Burning Pact

Hume, Lynn
November 2000
Bond Buyer;11/02/2000, Vol. 334 Issue 31009, p5
Trade Publication
Reports on the terms of a yield-burning settlement reached by Everen Securities Inc., now First Union Securities Inc., and three other firms with United States regulators and whistleblower Michael Lissack. Everen's payment to municipal issuers to compensate for losses; Involvement of Donaldson Lufkin Jenrette Securities Corp., Bearn Stearns and Kidder Peabody & Co.


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