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Brokerages Move to Settle Conflict-of-Interest Cases

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

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

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