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Weisel Partners May Pay $60M To End Probe

Nov 22, 2002 | San Francisco Business Times

San Francisco-based investment bank Thomas Weisel Partners is one of several Wall Street firms that will face fines of up to $500 million to resolve analysts conflict-of-interest probes, according to a Reuters report.

Weisel's firm may be asked to pay up to $60 million to end a probe. Other companies named as offenders include: Citigroup Inc., which is expected to pay $500 million; Bear Stearns Cos. Inc., Goldman Sachs Group, Morgan Chase & Co., and UBS Warburg, all of which are expected to pay $75 million; and Morgan Stanley, which is expected to pay $50 million.

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