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Lehman salespeople also alerted favored hedge funds.
While sneaky special deals between mutual funds and favored hedge funds were wrong, some back-scratching helped make the market work, to the benefit of all.
The SEC has already been probing whether some employees at investment banks are tipping favored hedge fund clients with nonpublic details of upcoming transactions to keep or win more business.
He allowed a favored hedge fund to do it hundreds of times.
Ted Parmigiani is a former research analyst at Lehman Brothers who has tried to persuade regulators and prosecutors to investigate whether Wall Street releases market-moving research reports to favored hedge funds ahead of other customers.
Brokerage firms also include the favored hedge funds in their funds-of-funds, the SEC says.
Similar(53)
He said ordinary Puerto Ricans got little say and that the package favored hedge-fund creditors over island pensioners.
How can people simultaneously demand savage cuts in Medicare and Medicaid and defend special tax breaks favoring hedge fund managers and owners of corporate jets?
And while Senate Republicans, if they remain united, could filibuster, Democrats said they were calculating that a number of Republicans -- especially those up for re-election -- would not cast a vote appearing to favor hedge funds and banks over average Americans.
She would increase the tax rate on short-term capital gains for high earners, with lower rates for longer-term holdings; close the "carried-interest" tax loophole that favors hedge-fund managers; and levy fees on banks with high debt levels.
But in talking about safeguarding Social Security, forcing pharmaceutical companies to lower their prices, preventing people who don't have health insurance from dying in the streets, and eliminating tax breaks that favor hedge-fund and private-equity managers (such as Romney), Trump is using the language of economic populism in a manner that none of his Republican rivals can match.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com