WebHeader_Grove.png
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Support NHPR with a year-end gift today for 2 chances to win a trip to Aruba!

Ten Brokerages to Pay Fines Topping $1 Billion

Ten of Wall Street's top brokerage firms agree to pay fines of about $1.5 billion to settle conflict-of-interest allegations. The firms were accused of misleading investors with bad research, and have agreed to changes in their research divisions. Hear NPR's Jim Zarroli, NPR's Michele Norris and Columbia University law professor John Coffee.

Copyright 2002 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.