Parsad Posted September 17, 2013 Share Posted September 17, 2013 22 have settled. I can't believe all they got out of this was $14M in fines. What a joke! Cheers! http://finance.yahoo.com/news/us-sec-charges-23-firms-153100217.html Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted September 17, 2013 Share Posted September 17, 2013 Maybe the title of that article was a little misleading? It seems like these firms were both long and short IPO stocks... which should really be considered IPO flipping. (Jim Cramer advocates a similar strategy in one of his books.) I'm surprised to see the Ontario Teachers' Pension Fund Plan on the list. 2- I think that the real problem lies in the underwriters fleecing their clients on these IPOs. One set of their clients is getting ripped off to benefit another set of their clients. Link to comment Share on other sites More sharing options...
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