Fine Proposed for Drexel’s Spanish Unit: Spain’s...
- Share via
Fine Proposed for Drexel’s Spanish Unit: Spain’s National Securities Commission has recommended the Spanish unit of Drexel Burnham Lambert Inc. be fined the maximum amount for fraudulent trading practices. The watchdog agency recommended that DBL Capital Markets Espana SA be fined $556,725 (65 million pesetas ) or five times the amount of the operation’s gross profits, which is the maximum fine under law. The Spanish branch of the U.S. securities firm was liquidated in June.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
