SCROLLING NEWS

- WatersTechnology Staff
- 27 Apr 1992

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Cantor Fitzgerald & Co. admitted that it bought millions of dollars' worth of Treasury securities for employees and their relatives, then quickly sold the same securities to Cantor accounts and to the secondary market. The admission came in response to Rep. Edward Markey's request that Cantor respond to allegations it had violated the rules of the Treasury's noncompetitive bidding program by facilitating "speculative bidding by market insiders and their friends and relatives." Cantor denies that

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