| FOR IMMEDIATE RELEASE: | Monday, April 28, 2003 |
CHAIRMAN SHELBY COMMENTS ON SETTLEMENT
BETWEEN FIRMS AND REGULATORS
WASHINGTON, D. C.— Senate Banking Committee Chairman Richard Shelby (R-Ala.) commented on the final settlement announced today between investment firms and regulators. Sen. Shelby said:
"It is my hope that the settlement is strong enough to reinvigorate investor confidence, punish wrong-doers and establish a higher standard of professional conduct. I intend to closely scrutinize the details of the agreement, and look forward to discussing the implications of the settlement with regulators at next week's hearing."
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