Controversial family business: stock lending

TheStreet.com offers an interesting profile of the Lando family, which runs some sort of family stock lending business. Unfortunately, some Lando family members are in the hot seat, as prosecutors probe their business practices. The issue apparently is whether stock-finders are doing enough work to justify their fees, which raise the cost of borrowing stock. Some think these outfits basically rip off clients, such as hedge funds. Some of the transactions under scrutiny involve the likes of Goldman Sachs and Bear Stearns. This is getting interesting. No charges have been filed.

For more on the family:
- Here's the article from TheStreet.com