Bank Of New York Reaches Agreement With SEC
The company announced the agreements on Monday.
The company disclosed in 2005 that the SEC was investigating possible market-timing transactions cleared by BNY securities unit Pershing LLC, and was looking into the trading activities of Pershing Trading Company LP and a floor specialist between 1999 and 2004.
BNY acquired Pershing from Credit Suisse First Boston for $2 billion in...
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