all of them market makers.
___
"Among those penalized were PaineWebber, fined $6.3 million; J.P. Morgan, fined $1.27 million and ordered to repay $42,218 in allegedly illegal profits; Prudential Securities Inc., fined $1 million and ordered to repay $1,361; Salomon Smith Barney Inc., fined $995,000 and ordered to repay $27,988; Morgan Stanley Dean Witter & Co., fined $350,000 and ordered to repay $4,170; and Merrill Lynch, fined $472,500. Brokerage firms involved in the settlement also include Bear Stearns & Co. Inc.; Cantor Fitzgerald & Co.; S.G. Cowen Securities Corp.; CS First Boston Corp.; Donaldson, Lufkin & Jenrette Securities Corp.; Gruntal & Co.; Hambrecht & Quist; Herzog, Heine, Geduld Inc.; Jefferies & Co. Inc.; Legg Mason Wood Walker Inc.; Lehman Brothers Inc.; Mayer & Schweitzer Inc.; Olde Discount Corp.; CIBC Oppenheimer Corp.; Piper Jaffray Inc.; Raymond James & Associates Inc.; Robinson-Humphrey Co.; Sherwood Securities Corp.; Spear, Leeds & Kellogg; Tucker Anthony Inc. and Warburg Dillon Read." |
