It has become almost routine. On Nov. 13, the U. S. Attorney in Brooklyn charged 13 people— brokers, Mob associates, and officials of two brokerage firms—with manipulating the prices of thinly traded micro-cap stocks. On the same day, in New Jersey, federal authorities announced a similar indictment. And then, on Nov. 25, came this bombshell: A federal grand jury in Manhattan handed up an indictment charging 19 people with multiple counts of racketeering and securities fraud. Among the accused were stock promoters, alleged mobsters, corporate officials, and six brokers at a firm that had managed to avoid the limelight, Meyers Pollock Robbins Inc. Not since the insider-trading scandals of the 1980s has Wall Street faced such a sustained legal juggernaut.
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