Jefferies & Co. admits it spent millions on gifts for Fidelity traders

Jefferies & Co. will pay $9.7 million to settle charges it illegally sought to manipulate brokers at Fidelity Investments by spending millions of dollars on gifts. Fidelity traders were showered with pricey perks including private vacations, tickets to a Justin Timberlake and Christina Aguilera concert, 2004 Super Bowl parties and a dozen bottles of Chateau Petrus wine reportedly worth $625 each.

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