"Hi juancarlos, masterful deception again, the life suspension never happened.
The trial started in the mid 1960s and continued to the seventies on appeal ,
the finale result a 12 month suspension for (illegally) returning commissions
to clients."
You obviously have no knowledge of the legal system. A conviction stands until a successful appeal. Lipper was banned for life from his conviction to until his successful appeal in 1976. he had already left stockbroking.
If you had bothered to read the case background you would discover that the kickbacks occurred as part of a major international fraud case. That is why the initial lifetime ban was imposed.
Paying secret commissions is a very serious criminal offence. To imply that Lipper was just doing his clients a favour by offering discount commissions is a complete distortion of the facts.
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