Spotlight on
The Global Research Analyst Settlement

Federal Court Approves Global Research Analyst Settlement

• Order Authorizing the Accounting Firm To Assist the Distribution Fund Administrator (March 29, 2004)
   
• Order Approving the Investor Education Plan (March 25, 2004)
   
• Order of Appointment of the executive director of the investor education entity described in the settlements (March 24, 2004)
   
• Order of Appointment of the chairman of the investor education entity described in the settlements (March 22, 2004)
   
• Litigation Release 18438, October 31, 2003
   
• Order Approving Settlements and Entering Final Judgments
   

General Information and Statements

• Questions and Answers Regarding the Distribution Funds in the Analysts Cases (May 12, 2003; updated August 19, 2003)
   
• List of Independent Consultants Selected as Part of the Settlement (updated April 28, 2004)
   

• Deutsche Bank Securities Inc. and Thomas Weisel Partners LLC Settle Enforcement Actions Involving Conflicts of Interest Between Research and Investment Banking (Press Release, August 26, 2004)
   
• Order of Judge William H. Pauley III Appointing a Distribution Fund Administrator (February 6, 2004; in PDF format)
   
• SEC Announces Independent Consultants Under Global Research Analyst Settlement (Press Release, November 14, 2003)
   
• Order of Judge William H. Pauley III Denying Motion to Intervene (August 25, 2003; in PDF format)
   
• SEC Memorandum in Response to July 3, 2003, Court Order (July 18, 2003; in PDF format)
   
• July 3, 2003, Order of Judge William H. Pauley III (in PDF format)
   
• SEC Memorandum in Response to June 2, 2003, Court Order (June 16, 2003; in PDF format)
   
• June 2, 2003, Order of Judge William H. Pauley III (in PDF format)
   
• Statement of the Commission Regarding Distribution Funds from the Global Settlement (Press Release, May 12, 2003)
   
• Testimony Concerning Global Research Analyst Settlement, by Chairman William H. Donaldson Before the Senate Committee on Banking, Housing and Urban Affairs (May 7, 2003)
   
• Chairman William H. Donaldson's Statement Regarding Global Settlement (April 28, 2003)
   
• Voluntary Initiative Regarding Allocations of Securities in "Hot" Initial Public Offerings to Corporate Executives and Directors (supplementary news material, April 28, 2003)
   
• SEC Fact Sheet on Global Analyst Research Settlements (April 28, 2003)
   
• The Securities and Exchange Commission, NASD and the New York Stock Exchange Permanently Bar Henry Blodget From the Securities Industry and Require $4 Million Payment (Press Release, April 28, 2003)
   
• The Securities and Exchange Commission, New York Attorney General's Office, NASD and the New York Stock Exchange Permanently Bar Jack Grubman and Require $15 Million Payment (Press Release, April 28, 2003)
   
• Ten of Nation's Top Investment Firms Settle Enforcement Actions Involving Conflicts of Interest Between Research and Investment Banking; Historic Settlement Requires Payments of Penalties of $487.5 Million, Disgorgement of $387.5 Million, Payments of $432.5 Million to Fund Independent Research, and Payments of $80 Million to Fund Investor Education and Mandates Sweeping Structural Reforms (Press Release, April 28, 2003)
   
• Statement at the Announcement of Agreement in Principle on Research Analyst Issues by Stephen M. Cutler, Director, SEC Division of Enforcement (December 20, 2002)
   
• SEC, NY Attorney General, NASD, NASAA, NYSE and State Regulators Announce Historic Agreement To Reform Investment Practices; $1.4 Billion Global Settlement Includes Penalties and Funds for Investors (Press Release, December 20, 2002)

Information by Company

Bear, Stearns & Co. Inc.

• SEC v. Bear, Stearns & Co. Inc. (Litigation Release 18109)
• SEC Complaint, SEC v. Bear, Stearns & Co. Inc.
• SEC Final Judgment, SEC v. Bear, Stearns & Co. Inc.
• Final Judgment Appendix A
• Final Judgment Appendix B
• Consent of Bear, Stearns & Co. Inc.
• Bear Stearns Investor Education Order
• Bear Stearns Distribution Fund Plan Order
• Order Granting Waiver (Release No. 33-8320)

Citigroup Global Markets Inc., f/k/a Salomon Smith Barney Inc.;
Jack Benjamin Grubman

• SEC v. Citigroup Global Markets Inc., f/k/a Salomon Smith Barney Inc.
  and SEC v. Jack Benjamin Grubman (Litigation Release No. 18111)

• SEC Complaint, SEC v. Citigroup Global Markets Inc., f/k/a Salomon Smith Barney Inc.
• SEC Final Judgment, SEC v. Citigroup Global Markets Inc.
• Final Judgment Appendix A
• Final Judgment Appendix B
• Consent of Citigroup Global Markets Inc.
• Citigroup Global Markets Investor Education Order
• Citigroup Global Markets Distribution Fund Plan Order
• Order Granting Waiver (Release No. 33-8322)
• Order Granting Waiver (Release Nos. 33-8321, 34-48726)

• SEC Complaint, SEC v. Jack Benjamin Grubman
• SEC Final Judgment, SEC v. Jack Benjamin Grubman
• Consent of Jack B. Grubman

Credit Suisse First Boston LLC, f/k/a Credit Suisse First Boston Corporation

• SEC v. Credit Suisse First Boston LLC, f/k/a Credit Suisse First Boston Corporation (Litigation Release 18110)
• SEC Complaint, SEC v. Credit Suisse First Boston LLC
• SEC Final Judgment, SEC v. Credit Suisse First Boston LLC
• Final Judgment Appendix A
• Final Judgment Appendix B
• Consent of Credit Suisse First Boston LLC
• Credit Suisse First Boston Distribution Fund Plan Order
• Order Granting Waiver (Release No. 33-8324)
• Order Granting Waiver (Release No. 33-8323)

Deutsche Bank Securities Inc.

• Deutsche Bank Securities Inc. (Litigation Release 18854)
• SEC Complaint, SEC v. Deutsche Bank Securities Inc.
• SEC Proposed Final Judgment, SEC v. Deutsche Bank Securities Inc.
• Final Judgment Addendum A
• Final Judgment Addendum B
• Consent of Deutsche Bank Securities Inc.
• Order Granting Waiver (Release No. 33-8492)
• Order Granting Waiver (Release No. 33-8493)

Goldman, Sachs & Co.

• SEC v. Goldman, Sachs & Co. (Litigation Release 18113)
• SEC Complaint, SEC v. Goldman, Sachs & Co.
• SEC Final Judgment, SEC v. Goldman, Sachs & Co.
• Final Judgment Appendix A
• Final Judgment Appendix B
• Consent of Goldman, Sachs & Co.
• Goldman Sachs Investor Education Order
• Goldman Sachs Distribution Fund Plan Order
• Order Granting Waiver (Release No. 33-8332)

J.P. Morgan Securities Inc.

• SEC v. J.P. Morgan Securities Inc. (Litigation Release 18114)
• SEC Complaint, SEC v. J.P. Morgan Securities Inc.
• SEC Final Judgment, SEC v. J.P. Morgan Securities Inc.
• Final Judgment Appendix A
• Final Judgment Appendix B
• Consent of J.P. Morgan Securities Inc.
• J.P. Morgan Investor Education Order
• J.P. Morgan Distribution Fund Plan Order
• Order Granting Waiver (Release No. 33-8330)

Lehman Brothers Inc.

• SEC v. Lehman Brothers Inc. (Litigation Release 18116)
• SEC Complaint, SEC v. Lehman Brothers Inc.
• SEC Final Judgment, SEC v. Lehman Brothers Inc.
• Final Judgment Appendix A
• Final Judgment Appendix B
• Consent of Lehman Brothers Inc.
• Lehman Brothers Investor Education Order
• Lehman Brothers Distribution Fund Plan Order
• Order Granting Waiver (Release No. 33-8331)

Merrill Lynch, Pierce, Fenner & Smith Incorporated; Henry M. Blodget

• SEC v. Merrill Lynch, Pierce, Fenner & Smith Incorporated
  and SEC v. Henry M. Blodget (Litigation Release No. 18115)

• SEC Complaint, SEC v. Merrill Lynch, Pierce, Fenner & Smith Incorporated
• SEC Final Judgment, SEC v. Merrill Lynch, Pierce, Fenner & Smith Incorporated
• Final Judgment Appendix A
• Final Judgment Appendix B
• Consent of Merrill Lynch, Pierce, Fenner & Smith Incorporated
• Merrill Lynch Investor Education Order
• Order Granting Waiver (Release No. 33-8319)
• Order Granting Waiver (Release Nos. 33-8318, 34-48723)

• SEC Complaint, SEC v. Henry M. Blodget
• SEC Final Judgment, SEC v. Henry M. Blodget
• Consent of Henry M. Blodget
• Blodget Distribution Fund Plan Order

Morgan Stanley & Co. Incorporated

• SEC v. Morgan Stanley & Co. Incorporated (Litigation Release 18117)
• SEC Complaint, SEC v. Morgan Stanley & Co. Incorporated
• SEC Final Judgment, SEC v. Morgan Stanley & Co. Incorporated
• Final Judgment Appendix A
• Final Judgment Appendix B
• Consent of SEC v. Morgan Stanley & Co. Incorporated
• Morgan Stanley Distribution Fund Plan Order
• Order Granting Waiver (Release No. 33-8325)

Thomas Weisel Partners LLC

• Thomas Weisel Partners LLC (Litigation Release 18855)
• SEC Complaint, SEC v. Thomas Weisel Partners LLC
• SEC Proposed Final Judgment, SEC v. Thomas Weisel Partners LLC
• Final Judgment Addendum A
• Final Judgment Addendum B
• Consent of Thomas Weisel Partners LLC
• Order Granting Waiver (Release No. 33-8494)
• Order Granting Waiver (Release No. 33-8495)

UBS Securities LLC, f/k/a UBS Warburg LLC

• SEC v. UBS Warburg LLC (Litigation Release 18112)
• SEC Complaint, SEC v. UBS Warburg LLC
• SEC Final Judgment, SEC v. UBS Warburg LLC
• Final Judgment Appendix A
• Final Judgment Appendix B
• Consent of UBS Warburg LLC
• UBS Securities Investor Education Order
• UBS Securities Distribution Fund Plan Order
• Order Granting Waiver (Release No. 33-8327)
• Order Granting Waiver (Release Nos. 33-8326, 34-48728)

U.S. Bancorp Piper Jaffray Inc.

• SEC v. U.S. Bancorp Piper Jaffray Inc. (Litigation Release 18118)
• SEC Complaint, SEC v. U.S. Bancorp Piper Jaffray Inc.
• SEC Final Judgment, SEC v. U.S. Bancorp Piper Jaffray Inc.
• Final Judgment Appendix A
• Final Judgment Appendix B
• Consent of Bancorp Piper Jaffray Inc.
• Piper Jaffray Distribution Fund Plan Order
• Order Granting Waiver (Release No. 33-8329)
• Order Granting Waiver (Release Nos. 33-8328, 34-48729)

http://www.sec.gov/spotlight/globalsettlement.htm