As someone I know wrote in FT recently, the worrying thing is that the u/m only happened seven yrs after the banks promised to clean up theur act.
10 Wall Street Firms Fined Over Conflicts in Toys ‘R’ Us I.P.O. The Financial Industry Regulatory Authority fined the 10 firms $43.5 million, saying they implicitly or explicitly offered favorable research coverage in return for a role in a planned I.P.O. of Toys “R” Us.
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