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Brokerage Settles Soft-Dollar Fraud Case: Firm's President Is Also Charged in First SEC Action on

Traders Magazine, February 1999

Jeffrey L. Winograd

In a landmark case, a New York-based broker dealer and the firm's president have settled charges that they willfully aided and abetted soft-dollar fraud by an investment adviser.

The Securities and Exchange Commission, which brought and settled charges against Republic New York Securities and its president, James Edward Sweeney, said it was the first case of its kind.

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