Wall Street Firms Near Settlement
Wall Street Firms Conflicted Stock. Nearly four months after securities regulators and Wall Street's biggest firms announced a historic $1.4 billion "agreement in principle" to end multiple probes into allegedly conflicted stock research, sources said a final deal could be signed as soon as Wednesday. Regulators and lawyers for … [Read more...]
FleetBoston Near Settlement of Robertson IPO Case
FleetBoston Settling a Probe Into Robertson Stephens. FleetBoston Financial Corp., the seventh-biggest U.S. bank, is close to settling a probe into Robertson Stephens' role in initial public offerings during the Internet boom, the company said in a regulatory filing. FleetBoston, which bought Robertson Stephens in 1998 and shut … [Read more...]
WorldCom Seen Near Settlement With SEC
WorldCom Settlement With SEC. WorldCom Inc. appears close to a deal with the Securities and Exchange Commission to settle fraud charges facing the bankrupt company, according to a published report. People involved in the negotiations told The New York Times that the SEC would ask a federal judge to dismiss the charges but that the … [Read more...]
