December 12, 2014 BY LeapRate Staff

No kids game! FINRA fines 10 investment banks $43.5 million for Chinese Wall failures in Toys R Us IPO

US financial industry regulator FINRA has handed out of one its largest fines in recent memory - in part because a total of 10 investment banks are involved - hitting a number of firms involved with the proposed 2010 Toys 'R' Us IPO a total of $43.5 million. The violation? Having the firms' equity research…

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