History: November 9 (#1)

History: November 9 (#1)
Wikimedia Commons, CC BY-SA
November 9, 1998 A U.S. federal judge, in the largest civil settlement in American history, orders 37 U.S. brokerage houses to pay US$1.03 billion to cheated NASDAQ investors to compensate for price fixing.

Commentary

Commentary

On November 9, in the year 1998: A U.S. federal judge, in the largest civil settlement in American history, orders 37 U.S. brokerage houses to pay US$1.03 billion to cheated NASDAQ investors to compensate for price fixi ng. Nasdaq Stock Market is an American stock exchange. Why November 9, 1998 matters: A U.S. federal judge, in the largest civil settlement in American history, orders 37 U.S. brokerage houses to pay US$1.03 billion to cheated NASDAQ investors to compensate for price fixing. What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards. Historical context: November 9, 1998 The 20th century brought rapid advances in health, communication, science, and technology that reshaped everyday human experience. The event on this day: A U.S. federal judge, in the largest civil settlement in American history, orders 37 U.S. brokerage houses to pay US$1.03 billion to cheated NASDAQ investors to compensate for price fixing. Source: https://en.wikipedia.org/wiki/Nasdaq (Wikipedia, CC BY-SA)