Robertson Stephens Gets Fined $28 Million
Robertson Stephens Improperly Shared Profits. Securities regulators fined Robertson Stephens, the former arm of FleetBoston Financial, $28 million for improperly sharing profits with customers on hot initial public offerings. Under the terms of the settlement, ‘Robertson Stephens’ was ordered to pay $14 million to the NASD and $14 … [Read more...] about Robertson Stephens Gets Fined $28 Million
Robertson Stephens Fined For IPOs
Fine Against Robertson Stephens. Regulators levied a $28 million fine against Robertson Stephens for charging illegally high commissions on initial public offerings during the bull market years. Separately, the Securities and Exchange Commission filed a civil action against Paul Johnson, 42, a former managing director and senior … [Read more...] about Robertson Stephens Fined For IPOs
