Improper Gifts and Entertainment to Brokers - 11/10/08 11:03 PM
A broker-dealer was charged with failing to supervise three employees who collectively spent more than $600,000 while improperly entertaining traders at an investment firm in an effort to generate brokerage business. The regulator also charged the three employees and a supervisor for their roles in securities laws violations by the traders.
It seems like a pervasive practice where brokers strive to achieve their goals no matter what.
What do you think?
It seems like a pervasive practice where brokers strive to achieve their goals no matter what.
What do you think?