On Air Now

Listen

Listen Live Now » 92.5 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
72° Feels Like: 72°
Wind: S 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 78°

Tonight

Partly Cloudy 57°

Tomorrow

Mostly Sunny 82°

Alerts

Traders charged in kickback scheme involving Venezuelan official

The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonatha
The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonatha

WASHINGTON (Reuters) - U.S. Securities regulators charged four people on Tuesday in connection with a kickback scheme involving a Venezuelan finance official.

The Securities and Exchange Commission alleged the defendants, who have ties to New York broker-dealer Direct Access Partners, bribed the official to secure the bond trading business of the state-owned Banco de Desarrollo Económico y Social de Venezuela.

Three of the defendants also face related criminal charges, the SEC said.

(Reporting by Jonathan Stempel and Aruna Viswanatha. Editing by Andre Grenon)

Comments