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more_legal_areas stock_fraudRegulators are hoping that with the global settlement finalized, stock fraud problems can be eliminated. Laws have been changed in attempts to curb stock fraud from occurring, however some critics feel that problems within Wall Street run so deep that these attempts at preventing stock fraud are almost insignificant. The recent Wall Street scandal was described as one of the most embarrassing episodes in Wall Street history and its uncovering of stock fraud plummeted investor confidence.
Many have suspected stock fraud practices existed but until the lengthy investigation of Wall Street firms, investment banks were continuing to profit off of investors being cheated from stock fraud. In addition to new laws being put into place, individuals that have suffered monetary losses due to stock fraud are hoping to recover some of their money. A lot of people were affected by the biased company research issued in order to gain investment banking business, and the stock fraud hurt many people.
A recent Securities and Exchange Commission (SEC) survey of 15 large brokerages shows that 13 of them appeared to give preferential treatment to fund companies from whom they received financial compensation. Techniques ranged from featuring the fun...