SFA fines Lehman Brothers over Maxwell

SFA fines Lehman Brothers over Maxwell

American investment bank Lehman Brothers has been censured and fined by the Securities and Futures Authority, the industry regulator. Reports at the weekend suggested the fine, over the bank's dealings with the private companies of the late Robert Maxwell, was up to pounds 100,000 - a lower figure than fines levied on Goldman Sachs and fund manager Invesco in 1993 over their dealings with Robert Maxwell.