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Firms Disband BIR Research Consortium

The Global Research Analyst Settlement, agreed in 2003 between the Securities and Exchange Commission and 10 broker-dealers to address perceived conflicts of interest among Wall Street research analysts, required brokers to give clients access to independent research from at least three providers for a period of five years, and came into effect on July 26, 2004.

Officials at the firms behind BIR-Channel Trend, Thomas White International, Columbine Capital Services, Ford Equity Research (now part

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