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Wall Street Fines

Only Available in Archive Formats.
Wall Street Fines

Wall Street Fines

Wall Street Fines

Only Available in Archive Formats.

NPR's Jim Zarroli reports Wall Street's top brokerage firms agreed to pay nearly $1.5 billion in fines to settle conflict-of-interest charges. Regulators accused the firms of continuing to recommend stocks they privately had turned against. Besides fines, the firms agree to spend several hundred million dollars in coming years buying research from independent firms that don't mix stock research with investment banking.