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HOW CORRUPT IS WALL STREET?

Authors :
Vickers, Marcia
France, Mike
Thornton, Emily
Henry, David
Timmons, Heather
McNamee, Mike
Source :
BusinessWeek; 5/13/2002, Issue 3782, p36-42, 7p, 8 Color Photographs
Publication Year :
2002

Abstract

Examines corruptness among Wall Street investment firms. Reports of stockholders being told not to sell their shares by investment advisers and suffering massive losses, while the advisers knew they were weakening investments; Investigation by the Securities & Exchange Commission into such firms as Salomon Smith Barney and Morgan Stanley Dean Witter; Comment that investment bankers find themselves conflicted as they try to serve the companies for which they sell stocks and bonds, and the investors whom they advise; Outlook for reforms. INSET: Where Does the Buck Stop?.

Details

Language :
English
ISSN :
00077135
Issue :
3782
Database :
Complementary Index
Journal :
BusinessWeek
Publication Type :
Periodical
Accession number :
6600310