Fifteen Wall Street firms, including Goldman Sachs, Merrill Lynch, Bear Stearns and Citigroup, will pay $13 million to settle SEC allegations for manipulating bond auctions. The firms agreed to the fines without admitting the SEC allegations that auctions were tilted to favor certain clients.
SEC Fines 15 Firms For Manipulating Bond Auctions
Fifteen Wall Street firms, including Goldman Sachs, Merrill Lynch, Bear Stearns and Citigroup, will pay $13 million to settle SEC allegations for manipulating bond auctions. The firms agreed to the fines without admitting the SEC allegations that auctions were tilted
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