Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, August 15, 2007

Criminal Charges Likely in Stock Lending Investigation

Yesterday NYSE Regulation censured and fined Janney Montgomery Scott $2.5 million for illegal practices involving the stock-lending market.  The firm's troubles may not be over.  The Wall St. Journal reports that federal criminal charges may be brought against a number of individuals at Janney and other financial institutions involving the same practices.  Charges include the use of finders or intermediaries as a means of channeling payments to favored individuals.  WSJ, Criminal Charges Near
In Stock-Lending Cases

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