The intermediary outside be being occupied with dispatch network news reports, on June 12, american negotiable securities trades committee (SEC) announces beautiful Lin Pierce, fragrance Na Smith company (Merrill Lynch, pierce, fenner&Smith Inc. ) pay more than 15 million dollar, pay housing in order to solve client of its employee misdirect mortgage loan negotiable securities above quota (RMB) accusation.
Say according to accusation, the trade member of bank of United States forest and salesperson buy the price of negotiable securities through cheating United States forest, the client that persuades a bank is excessive pay a RMB. And the member that the RMB of United States forest trades and salesperson gain profit illegally from inside the excessive, middleman's fee that did not disclose.
SEC executes the law sectional chief expresses, SEC discovers United States forest did not superintend those to use the trade member of bank oneself client according to saying to use market information. "In opaque RMB market, lie to the client buy the price to may strip the important information of investor " .
SEC thinks, the trade member of bank of United States forest and salesperson disobeyed what law of confederative negotiable securities is being bought and sell a RMB to oppose con provision, beautiful Lin Wei can undertake to its reasonable superintend. Final, bank of United States forest repays with intent client more than 10.5 million dollar, pay the fine of about 5.2 million dollar.
