© 2021 Cincinnati Public Radio
purple_waveback6.png
Connecting You to a World of Ideas
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Wall Street Fines

NPR's Jim Zarroli reports Wall Street's top brokerage firms agreed to pay nearly $1.5 billion in fines to settle conflict-of-interest charges. Regulators accused the firms of continuing to recommend stocks they privately had turned against. Besides fines, the firms agree to spend several hundred million dollars in coming years buying research from independent firms that don't mix stock research with investment banking.

Copyright 2002 NPR