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Regulators Finalize Settlement with Investment Firms. Adam Shell.

by Shell, Adam; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2004Article 29Business. Publisher: USA Today, 2003ISSN: 1522-3191;.Subject(s): Compromise (Law) | Fines (Penalties) | Investment advisors | Investment banking | Securities fraud | Stockholders | United States Securities and Exchange Commission | Wall StreetDDC classification: 050 Summary: "In a historic, sweeping crackdown on Wall Street's duplicitous dealings during the 1990s stock market mania, securities regulators Monday [April 28, 2003] finalized a $1.4 billion settlement with 10 top investment firms." (USA TODAY) This article reveals that "regulators hope that punishing Wall Street for its greed-inspired misdeeds will go a long way in restoring integrity in financial markets. Countless investors got burned buying Internet stocks that analysts touted with 'strong buy' ratings but privately disparaged."
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REF SIRS 2004 Business Article 26 Loans for the Little Guys. REF SIRS 2004 Business Article 27 A Matter of Life and Debt. REF SIRS 2004 Business Article 28 Happy Anniversary?. REF SIRS 2004 Business Article 29 Regulators Finalize Settlement with Investment Firms. REF SIRS 2004 Business Article 29 The Wall Street Settlement. REF SIRS 2004 Business Article 3 The Weakest Link. REF SIRS 2004 Business Article 30 Who's Looking Out for Postal Customers?.

Articles Contained in SIRS Enduring Issues 2004.

Originally Published: Regulators Finalize Settlement with Investment Firms, April 28, 2003; pp. n.p..

"In a historic, sweeping crackdown on Wall Street's duplicitous dealings during the 1990s stock market mania, securities regulators Monday [April 28, 2003] finalized a $1.4 billion settlement with 10 top investment firms." (USA TODAY) This article reveals that "regulators hope that punishing Wall Street for its greed-inspired misdeeds will go a long way in restoring integrity in financial markets. Countless investors got burned buying Internet stocks that analysts touted with 'strong buy' ratings but privately disparaged."

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