Mary Meeker, the
Internet analyst, reportedly won't face securities law charges related to her research calls.
A draft of a settlement between securities regulators and the main investment banks to be submitted this week says Meeker won't be charged,
The Wall Street Journal
reported. Morgan Stanley will still be cited for less-severe restrictions and will have to pay about $125 million.
Meeker will nevertheless be criticized in the report for being too bullish on the stocks she covered. Her company will also be cited for fostering conflicts of interest among its research and investment banking arms, the story said.
Regulators are close to completing a $1.4 billion global settlement with Wall Street over allegedly faulty stock research.