© 2026 WEKU
Lexington's Choice for NPR
Support WEKU!
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
The 1850 campaign is replacing lost federal funds one supporter at a time. Thanks to our listeners and supporters, we are now just 276 away from reaching this goal of 1850 new supporters donating at least $10 a month. Click here to join the campaign!

Ten Brokerages to Pay Fines Topping $1 Billion

NPR | By Michele Norris,
Jim Zarroli
Published December 20, 2002 at 12:00 AM EST

Ten of Wall Street's top brokerage firms agree to pay fines of about $1.5 billion to settle conflict-of-interest allegations. The firms were accused of misleading investors with bad research, and have agreed to changes in their research divisions. Hear NPR's Jim Zarroli, NPR's Michele Norris and Columbia University law professor John Coffee.

Copyright 2002 NPR
Local News
Michele Norris
See stories by Michele Norris
Jim Zarroli
Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
See stories by Jim Zarroli
Support nonprofit, fact-based public service journalism
WEKU depends on support from those who view and listen to our content. There's no paywall here. Please support WEKU with your donation.
Contribute now
Related Content