SEC Prevails In Suit Over Analyst Conflict Of Interest
The Securities and Exchange Commission sued Paul E. Johnson in January 2003, accusing the former managing director at defunct broker-dealer Robertson Stephens Inc. of misleading investors with fraudulent research reports. The complaint was filed in the U.S. District Court for the Southern District of New York.
The jury found Johnson failed to disclose his interest in Redback Networks, Inc.,...
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