3 Reach Deals In Broker-Dealer Bribery Case

Law360, New York (January 20, 2010, 6:03 PM EST) -- Three defendants have agreed to fork over a collective $450,000 in civil penalties to be released from charges that they were involved in a bribery scheme in which representatives of hedge fund JLF Asset Management LLC allegedly garnered at least $312,000 in personal services in exchange for directing trades to broker-dealers that provided the payments.

In separate filings Tuesday, Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York signed off on final judgments against Granite Financial Group LLC, Daniel...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.