UK listed broker responds to subpoena
International broker Benfield, which has seen its share price fall 3.6% today to 253.50 pence, has said it will aid Elliot Spitzer’s investigation into commissions after New York’s attorney general issued the company’s US unit a subpoena.
In a statement it said it had bought businesses that used so-called “premium agreements” and had closed these down. The company added it has a policy of not using such accords and is not subjectOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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