Regulators Finalize Settlement with Investment Firms.
Adam Shell.
- USA Today, 2003.
- SIRS Enduring Issues 2004. Article 29, Business, 1522-3191; .
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."