“It is certainly a crime with a victim when people who have the right to expect that they are doing business with honorable and reputable people who will be duly licensed find out that they are not.”
“Securities firms that sell variable life insurance products must ensure that they are appropriate for particular investors and that brokers do not mislead their customers about the nature of these products,”
“Brokerage firms and their executives cannot use threats regarding research activities as a way to obtain investment banking business, ... The threat to drop research coverage if Piper were not selected as the lead underwriter for a secondary offering was totally inappropriate and undermines the integrity of the market.”
“The conduct of this analyst, as evidenced by his own e-mails, gifts to the CEO of Tyco, and favors he received from the company amounted to a betrayal of objectivity and honesty in research,”
“The conduct of this analyst, as evidenced by his own e-mails, gifts to the CEO of Tyco, and favors he received from the company amounted to a betrayal of objectivity and honesty in research.”
“Oppenheimer's failure to fully and accurately report municipal bond transactions deprived the investing public and market participants of critical information.”
“This initiative started with our disciplinary action against First Command Financial Planning. We and our partners want to make sure that that sort of thing never happens again. We believe the Military Financial Education Program will move us a long way toward that end.”
