The World - News from Feb. 19, 1989
Four top officers from two of Mexico’s biggest brokerage firms were indicted on charges of illegal trading and criminal fraud stemming from an inquiry into the 1987 stock market crash. Treasury Secretary Pedro Aspe Armella said last week that the violations included insider trading in stocks and foreign currencies, the sale of non-existent Treasury certificates and trading in securities without clients’ consent. Indicted were Operadora de Bolsa Chairman Eduardo Legorreta, company director Jaime Ceballos Cervantes and Juan Carlos Fernandez Cueto and Jose Francisco Rodriguez Dupont of Mexicana de Inversiones y Valores.
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