Escândalo Squawk Box
Enviado: 23/5/2006 16:29SEC Charges 11 More Individuals in Fraudulent "Squawk Box" Scheme
Comunicado e descrição do truque também em: http://www.sec.gov/news/press/2006-40.htm
"The U.S. Securities and Exchange Commission said on Monday it has barred former Merrill Lynch broker Paul Coughlin from the securities industry over his involvement in a "squawk box" stock trading scheme.
Coughlin agreed to settle the action under which he may reapply in the future to work in the industry under certain restrictions, said the investor protection agency.
Coughlin pleaded guilty in March to conspiracy to commit securities fraud, the SEC said.
His plea came in a case in which day traders allegedly made improper trades based on confidential information obtained by listening in on squawk box communication systems that broadcast large securities buy and sell orders in brokerage offices. A Merrill Lynch spokesperson declined to comment."
http://news.moneycentral.msn.com/provid ... ID=5739396
Comunicado e descrição do truque também em: http://www.sec.gov/news/press/2006-40.htm
"The U.S. Securities and Exchange Commission said on Monday it has barred former Merrill Lynch broker Paul Coughlin from the securities industry over his involvement in a "squawk box" stock trading scheme.
Coughlin agreed to settle the action under which he may reapply in the future to work in the industry under certain restrictions, said the investor protection agency.
Coughlin pleaded guilty in March to conspiracy to commit securities fraud, the SEC said.
His plea came in a case in which day traders allegedly made improper trades based on confidential information obtained by listening in on squawk box communication systems that broadcast large securities buy and sell orders in brokerage offices. A Merrill Lynch spokesperson declined to comment."
http://news.moneycentral.msn.com/provid ... ID=5739396