A.G. Edwards Settles Market Timing Suit For $3.86M
The settlement, announced on Wednesday, will bring an end to allegations levied against A.G. Edwards by the U.S. Securities and Exchange Commission. The agreement requires the brokerage to pay $2.36 million in disgorgement and prejudgment interest and $1.5 million in civil penalties.
A.G. Edwards also agreed to hire an independent consultant to determine the effectiveness of recently implemented policies designed to curb...
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