December 20, 2017 BY LeapRate Staff
Wall Street stockbroker Brian Hirsch charged in $1 million IPO kickback scheme
The U.S. Securities and Exchange Commission (SEC) has charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative IPOs, enabling them to reap major trading profits in the secondary markets. The SEC alleges that Brian Hirsch subverted allocation policies and procedures at…
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