Fidelity fines 14 traders amid probe
686141
Fidelity Investments yesterday said that it disciplined 14 stock traders and that two others left the company amid an investigation by federal regulators into traders accepting lavish gifts and entertainment from brokers to whom they directed business.
268142
Brokerage Jefferies &amp; Co. Inc. is paying some $9.7 million to settle regulators' charges that it illegally lavished nearly $2 million in golf trips, entertainment and other gifts on Fidelity mutual fund traders in exchange for their trading business.
382680
The state has charged 15 former brokers for Metropolitan Investment Securities Inc. with allegedly making misleading recommendations to thousands of older, unsophisticated investors who were trying to save for retirement.
610958
AXA Advisors, the United States brokerage unit of AXA of France, agreed to pay a $1.2 million fine and reimburse 1,800 clients after offering them fee-based accounts that did not fit their needs.
245979
Fidelity Investments recently slashed fees on several of its index funds, knocking their annual expense ratio from 0.19 to 0.10 percent.
346684
Employees of some of Wall Street's top  banks were among more than a dozen people charged on Thursday  in what authorities called one of the most pervasive insider  trading rings since the 1980s, accused of using leaked  information and even blackmail to make millions of dollars.
500527
Fidelity Investments on Thursday disciplined 16 employees for violating the mutual fund giant's conflict-of-interest policies covering gifts from brokers to Fidelity's traders.
194838
The Securities and Exchange Commission said on Thursday it charged a total of 38 traders in a multi-million dollar scheme that involved phony finder fees and illegal kickbacks in the "stock loan" industry.
83537
H&R Block's  broker affiliate was censured and fined &#36;500,000 for enabling a hedge fund customer in its Orlando office to engage in deceptive practices to market-time mutual funds, regulators said on Tuesday.
404465
The U.S. Securities and Exchange  Commission is investigating about a dozen brokerage firms that  may have failed to obtain the best price for stocks traded for  customers, a source familiar with the matter said on Monday.
657487
The NASD on Wednesday said it has collected a record &#36;102 million in disciplinary fines in 2004, triple the amount collected last year, for infractions including improper mutual fund trading, variable annuity abuses and client overcharges.
291806
The U.S. government on Thursday charged 13 people, including employees at major Wall Street banks, with securities fraud, wire fraud, bribery and other charges in what authorities are calling one of the most pervasive insider trading rings in years.
755819
A fine levied against Bear Stearns for failing to detect fraud in a hedge fund customer has struck fear in the heart of Wall Street.
465194
The accused include a Morgan Stanley compliance official, a UBS research executive and traders for hedge funds and brokerage firms.
743497
Brokerage Charles Schwab &amp; Co. has agreed to pay a $350,000 civil fine to settle federal regulators&#39; allegations that it illegally allowed certain customers to change mutual fund trade orders after the market&#39;s close.
302698
The NASD on Monday said it fined  Citigroup Global Markets Inc. $250,000 for distributing  inappropriate hedge fund sales literature, in the regulator's  largest fine involving hedge fund sales by broker-dealers.
230344
The FBI has opened investigations into 14 corporations as part of a crackdown on improper subprime lending, agency officials said on Tuesday.