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In 2003, several investment banking firms were fined $1.4 billion for ethics abuse related to the underwriting process. will this be a deterrent for ethical lapses?

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Erudite1
This can be a deterrent for engaging in practices that are ethically wrong during underwriting process.
Knowing that they could be fined large amount of money if found to be engaging in acts that ethically incorrect will serves to discourage investment banking firms from such acts.

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