U.S. financial regulators on Wednesday charged a former investment banker at Lazard Freres, a former associate at private equity firm TPG Capital and two friends with making nearly $500,000 on illegal stock tips.
LEAD: Tokyo stocks higher as exporters lifted by dollar's strength
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Though giving a nod to legitimate reasons for executives to use automatic stock-trading plans, the Securities and Exchange Commission's enforcement director today warned that the agency is continuing to probe whether the plans are shielding insider-trading abuses.
E-Trade to offer global trading
E-Trade Financial Corp. was set to unveil a global trading platform today that makes it the first U.S. discount brokerage to give customers the ability to trade foreign-listed stocks online.
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