Private investment bank Lazard said in a regulatory filing on Friday that the NASD and SEC are investigating the company over gifts and grat...
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Private investment bank Lazard said in a regulatory filing on Friday that the NASD and SEC are investigating the company over gifts and gratuities.
It said in an amended prospectus for its planned $850 million initial public offering that it has received a letter from industry regulator NASD as part of what it believes to be an industry-wide investigation into gifts and gratuities. Lazard said it has also received a subpoena from the US Securities and Exchange Commission (SEC) seeking information about gifts and entertainment involving an unnamed mutual fund firm. —Reuters
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