P.M. BRIEFING : Mexico Suspends 11 Stock Traders

From Times wire services

Mexico's National Stock Market Commission has suspended 11 traders, three permanently, after a probe into a multimillion-dollar illegal trading scandal, news reports said today.

The Excelsior news service reported that the suspensions followed an investigation into the October, 1987, crash, when complaints were filed by at least 200 investors against all but one of Mexico's 24 registered brokerage firms. Stockholders lost millions of dollars worth of holdings in the crash.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World