NYSE watchdog accuses broker of accepting kickbacks


The New York Stock Exchange is investigating whether a broker participated in an alleged kickback scheme.

NYSE Regulation, the exchange’s in-house watchdog, alleges that Kevin Lodewick accepted $2,000 worth of payments from an unnamed broker-dealer (BD), including a fancy private island vacation to the Bahamas.

That's according to a July 2 complaint filed by NYSE Regulation.

Per the complaint:

NYSE is owned by Atlanta-based exchange and clearing house operator Intercontinental Exchange Inc.…

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