X hits on this document

Powerpoint document

Economics 330 Money and Banking Lecture 8 and 9 - page 20 / 23

103 views

0 shares

0 downloads

0 comments

20 / 23

Conflicts of Interest: Remedies (cont’d)

Global Legal Settlement of 2002

Requires investment banks to sever the link between research and securities underwriting

Bans spinning

Imposes $1.4 billion in fines on accused investment banks

Requires investment banks to make their analysts’ recommendations public

Over a 5-year period, investment banks are required to contract with at least 3 independent research firms that would provide research to their brokerage customers

Document info
Document views103
Page views103
Page last viewedWed Dec 07 23:13:44 UTC 2016
Pages23
Paragraphs185
Words843

Comments