Merrill reaches pact with SEC on Enron issues
Will pay US$80 million to resolve civil charges
- By: IE Staff
- February 21, 2003 February 21, 2003
- 08:50
Will pay US$80 million to resolve civil charges
$100 per day penalty
Firm to pay US$6 million to regulator
Are corporate scandals a predictable result of a widely accepted economic theory?
Salipante replaces McNulty
Merged brokerage third-largest in U.S.
Executives and directors shy away from stock market
100,000 Canadian accounts affected
Lots of goodies to keep investment business on side
Full accrual accounting includes more assets and liabilities
Orders two years of supervision for Boulieris
Growth in all lines of business
Disclosure must be specific, consistent and legible
Increases in savings and innovation in doubt
Merged company will have MGA channel
Combined organization to be Canada's largest insurer
Grieve fined $100,000
B.C. court upholds decision against Global Securities
Canadian applications down 4.1%
Disturbing questions about the reliability of corporate financial reporting
Recommendations support move to eliminating paper
Further cost-cutting may hurt long-term competitiveness
Retail, commercial banking units perform well
1991 clues may be misleading