CSFB Pays $100 Million For IPO Abuse
from the but-no-admission-of-guilt,-of-course dept
CSFB has agreed to pay federal regulators $100 million fine for some of their “abuses” in allocating IPO shares. We had posted this same info back in December but now it’s official. As we said then, CSFB isn’t admitting any guilt, they’re just paying up to get the SEC off their backs. So, I’m wondering what the SEC does with this money? Do they give it to the people that CSFB screwed over? I doubt it.