It's a Feast. Now See if Wall Street Can Resist.
WHEN Wall Street's biggest brokerage firms coughed up $1.4 billion to settle regulators' accusations that they had misled investors with compromised research, this question was on everyone's lips: Would the firms truly change their practices? A definitive answer seemed unknowable, at least until another bull market began. Testing brokerage firms' commitment to change would be impossible until the issuance of securities -- and their attendant fees -- boomed again.