|
|
CSFB To Pay $100 Million Fine to SEC and NASD To Settle Twin IPO Abuse Investigations
In what will be the 5th largest fine ever imposed upon a securities firm, CSFB has agreed to pay a $100 million fine, or about 1/7 of the fees that it reaped in 1999 and 2000, from the technology stock IPO business.
The investigation had focused upon the firm's providing large investors shares of stock in hot IPO deals, only to have them agree to kick back monies to the firm in the form of inflated commissions on other stock trades.
Source: Wall Street Journal, December 11, 2001
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Contact
|
Search
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
