Investment Settlement Wall Street analyst Henry Blodget of Merrill Lynch agrees to a $4 million fine to settle charges that he misled investors about the value of stocks he recommended. Blodget's fate is announced as regulators finalize a $1.4 billion settlement against 10 Wall Street firms. But will the fines promote change in the industry? Hear from NPR's Jim Zarroli, NPR's Robert Siegel and Duke University Law School professor James Cox.
NPR logo Investment Industry Settlement Announced

Investment Industry Settlement Announced

Wall Street analyst Henry Blodget of Merrill Lynch agrees to a $4 million fine to settle charges that he misled investors about the value of stocks he recommended. Blodget's fate is announced as regulators finalize a $1.4 billion settlement against 10 Wall Street firms. But will the fines promote change in the industry? Hear from NPR's Jim Zarroli, NPR's Robert Siegel and Duke University Law School professor James Cox.