Difference between revisions of "Spear, Leeds & Kellogg"

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{{Infobox Midpage Need Sponsor}}
{{Infobox Midpage Need Sponsor}}


SLK has long been known as a leading specialist on the New York Stock Exchange.  In 2004 SLK and four other specialist firms paid $240 million to settle with the Securities and Exchange Commission (SEC), which accused them of "front-running," artificially inflating the price of shares they held as a way to skim additional profits. In recent years, SLK has expanded beyond its traditional function as a market maker to offer other services, such as clearing, trading, and reporting tools. It also offers financing to customers and loans out stocks, especially hard-to-borrow securities. In addition it provides custody reporting services and a Web-based portfolio accounting system.
SLK has long been known as a leading specialist on the New York Stock Exchange.  In 2004 SLK and four other specialist firms paid $240 million to settle with the Securities and Exchange Commission (SEC), which accused them of "front-running," artificially inflating the price of shares they held as a way to skim additional profits.


== Products and Services ==
== Products and Services ==

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