‘Historic’ Fine for Brokers
Brokers Produced Biased Research. Wall Street's day of reckoning is expected to come Monday as federal and state regulators announce a deal to end investigations that 10 major brokerage houses produced biased research, harming investors who bought stocks based on the tainted reports. The firms, including Morgan Stanley, Goldman … [Read more...] about ‘Historic’ Fine for Brokers
Commentary: How Bankers And Brokers Could Get Bruised
Punishments For Bankers And Brokers. Regulators slap a $5 million fine on Salomon Smith Barney, charging that its star analyst privately questioned a telecom stock he publicly boosted. Lawmakers grill J.P. Morgan Chase & Co. (JPM ) execs as to whether they helped Enron Corp. deceive investors. The Securities & Exchange Commission … [Read more...] about Commentary: How Bankers And Brokers Could Get Bruised
