Underwrite Quotes
Given that you had all of these red flags, it would seem to me that underwriters had a heightened duty to investigate.
- Melvyn Weiss

Brokerage firms and their executives cannot use threats regarding research activities as a way to obtain investment banking business... The threat to drop research coverage if Piper were not selected as the lead underwriter for a secondary offering was totally inappropriate and undermines the integrity of the market.
- Mary Schapiro

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