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To: AugustWest who wrote (404)5/21/2002 9:31:12 AM
From: jcky  Read Replies (1) | Respond to of 17639
 
<< At one point during negotiations Monday, the newspaper said Merrill had agreed to pay a fine of close to $100 million, no longer pay analysts directly for work on investment banking deals, and make a statement of contrition for its research. >>

Without reforms linking the compensation package of industry analysts to work on their investment banking deal, this settlement would prove to be a very hollow victory for small mom and pop investors and more of a PR ploy.