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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: David Meyer who wrote (3252)	1/11/1999 5:07:00 PM
From: Charles Hughes	Respond to of 7382

Here's the real joke: "disgorgement of wrongful gains totaling $791,525" Yeah, that's how much they made. Sure. Even with the 26 mill in fines, I bet they made many many times what they paid back, even just talking about these firms. I notice the SEC is taking credit for the investigation. This investigation only happened because of the FBI stings, which they only undertook because the SEC was so toothless. Compliance is hard to find in the securities industry. That these companies should still be allowed to trade, that the traders and MMs involved should not only not go to jail but should be allowed to stay in the business, is a scandal. The FBI should investigate the SEC!