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Sterling Foster Company

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February 10, 2000 | Reuters
Twenty-one brokers have been indicted in the government's expanding case against defunct brokerage Sterling Foster and its alleged use of deceptive sales tactics. The six-count securities fraud indictment, which was unsealed in Manhattan federal court, alleges that the former Sterling Foster brokers were involved in illegal stock sales as part of six public offerings from June 1994 to June 1997. Sterling Foster was the lead underwriter for five of the offerings.
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BUSINESS
February 10, 2000 | Reuters
Twenty-one brokers have been indicted in the government's expanding case against defunct brokerage Sterling Foster and its alleged use of deceptive sales tactics. The six-count securities fraud indictment, which was unsealed in Manhattan federal court, alleges that the former Sterling Foster brokers were involved in illegal stock sales as part of six public offerings from June 1994 to June 1997. Sterling Foster was the lead underwriter for five of the offerings.
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