No wonder these pricks don't care that they're listed on German exchanges...
Firms Pay $3.65M In SEC Research Settlement
16:54 EDT Wednesday, August 25, 2004
(UPDATES throughout with comments from some of the brokerage firms, identifies some issuers involved and adds commentary by SEC lawyers.)
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--Seven brokerage firms will pay $3.65 million to settle Securities and Exchange Commission claims of conflicts of interest involving research on public companies during the most-recent stock market boom.
...
Needham & Co. , of New York, will pay a $700,000 settlement covering four payments for research on companies such as Crossroads Systems Inc. (CRDS), and Endwave Corp. (ENWV), while Boston-based Adams Harkness will pay $575,000 to settle allegations it took three payments, including a $200,000 fee for research on Gasonics International Corp. and a $150,000 fee for research on Kulicke & Soffa Industries Inc. (KLIC). |
