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January 24, 1991 | VICTOR F. ZONANA, TIMES STAFF WRITER
Three registered securities firms and 21 brokers were charged Wednesday with taking part in a stock-rigging scheme that allegedly cost thousands of investors nationwide more than $10 million. The three firms--Wakefield Financial Corp., Kelly Trading Co. and G. K. Scott & Co.--allegedly colluded to manipulate trading in, and prices of, half a dozen NASDAQ stocks over a three-year period.
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BUSINESS
January 24, 1991 | VICTOR F. ZONANA, TIMES STAFF WRITER
Three registered securities firms and 21 brokers were charged Wednesday with taking part in a stock-rigging scheme that allegedly cost thousands of investors nationwide more than $10 million. The three firms--Wakefield Financial Corp., Kelly Trading Co. and G. K. Scott & Co.--allegedly colluded to manipulate trading in, and prices of, half a dozen NASDAQ stocks over a three-year period.
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