US regulators last night took action against Refco, one of the world’s largest derivatives brokers, as the repercussions of its chief executive being charged with fraud continued to reverberate across Wall Street.
US regulators last night took action against Refco, one of the world’s largest derivatives brokers, as the repercussions of its chief executive being charged with fraud continued to reverberate across Wall Street. In a step that reflected the severity of the situation, the securities and exchange commission placed trading restrictions on the business, limiting Refco […]