Wall Street battles sexual bias
Article Abstract:
The US stock brokerage industry is regularly faced with accusations of sexual discrimination and harassment from women employees. The complaints also include sexual jokes, derogatory comments, pornographic material, male-only outings, company-sponsored trips to strip clubs and strippers at the office. In Jun, 2000, Morgan Stanley Dean Witter was found to discriminate against a group of women. The company's headquarters in New York and several branches in the country were the scenes of picketing from current and former female brokers to protest the firm's slow settlement of hundreds of sexual discrimination claims from a class-action lawsuit in 1996.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Wall St. launches ethics overhaul
Article Abstract:
Securities brokerage firms endorsed new ethics guidelines aimed at eliminating conflicts-of-interest that compromise the credibility of analysts' stock picks and investment advice. These guidelines include prohibiting analysts from trading against their stock recommendations and disclosing their holdings in companies they cover. Moreover, research departments are not allowed to report directly to the company's investment banking division or any other division that could lessen the independence of stock analysts.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
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Online mortgage lender investigated
Article Abstract:
AppOnline.com, an Internet-based mortgage lender that filed for Chapter 11 protection from its creditors on Jul 19, 2000, is the subject of an investigation being conducted by the US Attorney's office and New York state banking regulators. The company, which has about $150 million in open mortgage loans as of Jun 30, 2000, when its Island Mortgage Network lending unit's license was suspended, is being eyed for possible links with a convicted felon.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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