Washington (Dec. 4, 2002) -- Five broker-dealers have agreed to pay a combined $8.25 million to settle with the Securities and Exchange Commission, the New York Stock Exchange and the National Association of Securities Dealers for violations of record-keeping requirements regarding e-mail.
Without admitting or denying the allegations, the firms -- Deutsche Bank Securities Inc.; Goldman, Sachs & Co.; Morgan Stanley & Co. Inc.; Salomon Smith Barney Inc.; and U.S. Bancorp Piper Jaffray Inc. -- agreed to a penalty of a censure and fines of $1.65 million each to be paid to the U.S. Treasury, NYSE and NASD.
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