Summary:

Frank Quattrone, the fallen rock star of technology industry has gotten off with a mere slap on the wrist, for his alleged role in the whole telecom bubble. Reuters is reporting that Quattrone was fined a “whopping $30,000 and suspended from working in the securities industry […]

Frank Quattrone, the fallen rock star of technology industry has gotten off with a mere slap on the wrist, for his alleged role in the whole telecom bubble. Reuters is reporting that Quattrone was fined a “whopping $30,000 and suspended from working in the securities industry for one year by a securities industry regulatory panel that said he interfered with an investigation.” NASD, which has passed the decree is hardly a beacon of good behavior, yet another piece of evidence that Wall Street remains corrupt as ever. As for Frank, thank god he made a lot of people rich, and not just himself. Pity, Grubby did not learn those tricks.

Comments have been disabled for this post