Alleged Kickback Scheme at NYSE Revives Old Questions

An alleged kickback scheme at the New York Stock Exchange has revived old about whether the Big Board’s floor traders are lining their pockets at the expense of investors.

The NYSE’s regulatory arm has accused Kevin Lodewick, a floor broker, of accepting about $2,000 worth of payments over the course of 11 months from an employee of an unnamed brokerage firm, in return for steering that firm millions of dollars’ worth of customer orders.

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