SEC fines 15 firms for manipulating bond auctions

06/1/2006 | NYTimes.com · Wall Street Journal, The

Fifteen Wall Street firms, including Goldman Sachs Group Inc., Merrill Lynch & Co. Bear Stearns and Citigroup, will pay $13 million to settle SEC allegations they manipulated bond auctions. The firms agreed to the fines without admitting to SEC findings that auctions were tilted to favor some clients.

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NYTimes.com · Wall Street Journal, The

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