Briefly
From Bloomberg News
Regulators fined Lehman Bros. Holdings Inc. $400,000 for giving incorrect information about bets it made in 2004 that a company’s shares would fall.
Lehman told the New York Stock Exchange’s enforcement arm that it had a “short” position of 26.1 million shares, 40 times its actual bet, NYSE Regulation Inc. said in a statement Tuesday.
Lehman said in May 2004 that the stock shorted was Viacom Inc. Lehman declined to comment Tuesday.
