The Advantages of a Dual System: Parallel Streams of Civil and Criminal Enforcement of the US Securities Laws

Abstract

In a high‐profile case that first drew big media headlines last February, a New York brokerage firm and a ring of eight brokers on the floor of the New York Stock Exchange were charged with perpetrating a scheme in which they made over $11.1m in illegal profits and at the same time covered their tracks with an elaborate fraud.

Citation

Newkirk, T.C. and Brandriss, I.L. (1999), "The Advantages of a Dual System: Parallel Streams of Civil and Criminal Enforcement of the US Securities Laws", Journal of Money Laundering Control, Vol. 3 No. 2, pp. 176-192. https://doi.org/10.1108/eb027229