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December 4, 2006
Be Careful on Holiday Gifts
Jefferies & Company, Inc. reached a settlement with the SEC and NASD "relating to the activities of a former employee who was dismissed by Jefferies & Company in 2004." The company's SEC EDGAR filing states that "[t]he Company has previously reserved 100% of the approximately $10.3 million in aggregate of disgorgement, pre-judgment interest and penalty assessed in these proceedings." The WSJ explains further saying that the money was paid "to settle allegations" related to a trader giving lavish gifts "to Fidelity Investments to win mutual-fund trading business."
(esp)
December 4, 2006 in Securities | Permalink
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Comments
can someone explain the crime here? Quinn was barred for life for entertaining his clients?
Posted by: anonymous | Dec 5, 2006 6:34:13 AM
This blog item was not intended to express a
view that a crime had been committed. (esp)
Posted by: ellen | Dec 5, 2006 8:57:36 PM
