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Conflicts of Interest Exist in the Investment Banking Industry

Question 69

Multiple Choice

Conflicts of interest exist in the investment banking industry.In 2002 ten of the top U.S.investment banking firms agreed to pay a total of $1.4 billion in fines and they are also required to


A) use the Dutch auction process for any new IPOs.
B) use the English auction process for any new IPOs.
C) purchase independent research from third parties.
D) all of the above

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