Global settlement

U.S. Securities and Exchange Commission Chairman Harvey Pitt, New York Attorney General Eliot Spitzer, North American Securities Administrators Association President Christine Bruenn, NASD Chairman and CEO Robert Glauber, New York Stock Exchange Chairman Richard Grasso, and state securities regulators announced an historic settlement with the nation's top investment firms to resolve issues of conflict of interest at brokerage firms. The settlement decision was published on December 20 2002.

Related Topics:
U.S. Securities and Exchange Commission - Harvey Pitt - New York Attorney General - Eliot Spitzer - North American Securities Administrators Association - NASD - New York Stock Exchange - Richard Grasso - Investment firms - Conflict of interest - Brokerage firms - December 20 - 2002

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The total fine was $1.435 billion.

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