SEC Charges 28 In Wall Street Kickback Scheme
The SEC filed civil action in the Brooklyn district court Thursday after a long-running investigation into bribery and kickbacks in the securities lending industry, alleging traders at major brokerage houses conspired with phony “finders” to fleece profits on stock loan transactions.
Separately, federal prosecutors and the FBI on Thursday indicted five people in connection with the scam on charges of...
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