Global settlement
Securities and Exchange Commission Chairman Harvey L. 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 Dick 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. The total fine was $1.435 billion.
Settlement payments * Payment made in prior settlement of Research Analyst conflicts.
External linksSEC, NY ATTORNEY GENERAL, NASD, NASAA, NYSE AND STATE REGULATORS ANNOUNCE HISTORIC AGREEMENT TO REFORM INVESTMENT PRACTICESCiti's New Stance - CFO Magazine - November Issue 2003 - CFO.com
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