Investment Settlement

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NPR's Jim Zarroli reports securities regulators announce a final settlement with Wall Street's biggest investment banks. The firms — Merrill Lynch, Citigroup and J.P. Morgan, among others — agreed to pay $1.4 billion and reform the way they do business. The outline of the settlement was announced last December. Several federal and state securities regulators alleged the investment banks harmed investors by publishing fraudulent and misleading research.

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