Wall Street Fines Ten major brokerage firms will pay fines totaling $1.4 billion to settle government conflict-of-interest allegations related to investment advice. The firms also agree to alter investment advice policies. Critics are skeptical the remedies will work, and private lawsuits remain. NPR's Jim Zarroli reports.
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Brokerages Move to Settle Conflict-of-Interest Cases

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Brokerages Move to Settle Conflict-of-Interest Cases

Brokerages Move to Settle Conflict-of-Interest Cases

Brokerages Move to Settle Conflict-of-Interest Cases

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  • <iframe src="https://www.npr.org/player/embed/887160/887161" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Ten major brokerage firms will pay fines totaling $1.4 billion to settle government conflict-of-interest allegations related to investment advice. The firms also agree to alter investment advice policies. Critics are skeptical the remedies will work, and private lawsuits remain. NPR's Jim Zarroli reports.