SEC probes Refco following exec's departure
Oct 11, 2005 | 02:39 PM
| Sean Barry
The U.S. Securities and Exchange Commission (SEC) is investigating New York-based futures brokerage Refco Inc. after the company announced that Phillip R. Bennett, chairman and chief executive officer, had taken a leave of absence following the discovery that $430 million was owed to the company by an entity run by Bennett.AMM has learned that the SEC's probe into the company, which is the parent of London Metal Exchange Category-1 member Refco Overseas Ltd., has already started.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.