Six Indicted in Wall St. Stock Loan Probe

The indictment alleged that "Trader B" caused JP Morgan to loan the securities at below market rates to intermediary brokerage firms including a firm identified as IBC located in the Netherlands Antilles, after the transfers occurred IBC spread the finder fees to Johnson and the JP Morgan trader.

"Johnson and Trader B entered into these financial arrangements without the knowledge or approval of JPMorgan Chase," the indictment noted.

A spokesman for JP Morgan declined to comment on the matter.

To date, 18 defendants have pleaded guilty in the investigation included former employees at A.G. Edwards, Oppenheimer & Co., Morgan Stanley; TD Waterhouse Kellner Dileo & Company, Inc.; Inc, Nomura Securities International, Inc.; PFPC Worldwide Inc.; Schonfeld Securities, LLC; and Van der Moolen Specialists.

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