Brokerage Firms Pay Billions in Bonuses in 2008 While Taking Taxpayer Money

From Investment Fraud Blawg, Securities Fraud Blawg, and Stockbroker Fraud Blawg: On July 30, 2009, New York Attorney General Andrew Cuomo issued a report entitled “No Rhyme or Reason: The ‘Heads I Win, Tails You Lose’ Bank Bonus Culture.” In the report, Mr. Cuomo discusses the compensation programs instituted by banks and brokerage firms while […]

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