Managers to feel effects of equity research pact

Crawford, Gregory
August 2004
Pensions & Investments;8/23/2004, Vol. 32 Issue 17, p12
The final piece of last year's $1.4 billion settlement between regulators and 10 top Wall Street brokerage firms over their equity research practices was put in place last month, but ramifications for institutional money managers are just beginning to be felt. In April 2003, the 10 firms settled charges leveled by New York Attorney General Eliot Spitzer and the Securities and Exchange Commission that retail investors were often getting less timely research than institutional investors. Firms involved in the settlement are Bear Stearns & Co. Inc., Citigroup Inc., Credit Suisse First Boston, Goldman Sachs & Co. and J.P. Morgan Chase.


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