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Brokerages Move to Settle Conflict-of-Interest Cases

NPR

By Jim Zarroli

Published December 21, 2002 at 12:00 AM EST

Ten major brokerage firms will pay fines totaling $1.4 billion to settle government conflict-of-interest allegations related to investment advice. The firms also agree to alter investment advice policies. Critics are skeptical the remedies will work, and private lawsuits remain. NPR's Jim Zarroli reports.

Copyright 2002 NPR

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Jim Zarroli

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

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