[CANSLIM] Re. Interesting Highlight

From: Emenar1@aol.com
Subject: [CANSLIM] Re. Interesting Highlight
Date: Tue, 26 Nov 2002 11:58:04 EST

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Canslim's:

     I thought the members of this forum would find this interesting:


Wall St Firms May Face $500 Million Fines

NEW YORK (Reuters) - Regulators are telling Wall Street firms that they face 
fines as high as $500 million in order to resolve analyst conflict of 
interest probes, a source familiar with the matter said on Tuesday. 

Regulators expect to tell Citigroup (NYSE:C - news) that it will have to pay 
$500 million to end a probe into whether its analysts misled investors with 
tainted research in order to please investment banking clients, the source 
said. 

Regulators have told Credit Suisse First Boston that it will have to pay $250 
million to settle the probes. Bear Stearns Cos. Inc. (NYSE:BSC - news), 
Goldman Sachs Group Inc. (NYSE:GS - news), J.P. Morgan Chase & Co. (NYSE:JPM 
- - news), and UBS Warburg are to be told or have been told that will have to 
pay $75 million each, the source said. Regulators will tell Thomas Weisel 
Partners that it must pay $60 million and Morgan Stanley (NYSE:MWD - news) 
that it must pay $50 million, the source said. 

Regulators will not require Merrill Lynch & Co. Inc. (NYSE:MER - news) to pay 
any amounts in addition to the $100 million it has already agreed to pay as 
the result of a settlement with regulators earlier this year, the source 
said. 



jans





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