Penson, BDO Seidman Settle Margin Loan Suit For $6.5M
By Eric Hornbeck ( August 27, 2013, 4:33 PM EDT) -- A Texas federal judge said Friday that defunct securities clearing broker Penson Worldwide Inc. and accounting firm BDO Seidman LLP can pay $6.5 million to settle investor class action allegations that they hid the degree of risk behind Penson's margin-lending business....
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