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April 30, 2003

$1.4B settlement is a good first step

  • The settlement should keep Wall Street bankers and analysts on their best behavior for at least the short term, but more work needs to be done.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- Winning back the trust of investors will require more than education classes and warning labels on stock-research reports.

    Those are among the many mandates detailed Monday in the $1.4 billion settlement between regulators and investment firms accused of conflicts of interest in their company research.


     
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