SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ilaine who wrote (88176)3/30/2001 7:05:50 PM
From: Haim R. Branisteanu  Read Replies (1) of 436258
 
The suits claim that the companies and their underwriters allocated
shares in their IPOs to some investors without revealing that the
investors agreed to buy shares later at progressively higher prices.
Such ``tie-in arrangements'' distort a stock's market price, the suits
say.

The plaintiffs also say that some investors who received coveted
shares agreed to pay inflated commissions on transactions in other
securities underwritten by the banks. Neither the companies nor the
banks disclosed this, the plaintiffs say.

``These payoffs were, in a sense, kickbacks,'' Sirota said.

quote.bloomberg.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News