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Short Take: Shopping.com market makers fined

Two brokerages and two former executives that sold Shopping.com stock at inflated prices must pay $400,000 in compensatory damages, the National Association of Securities Dealers ruled. But the Corona del Mar-based Internet start-up was not fined, Reuters reported. New York's Fiero Brothers brokerage claimed earlier this year that two California firms artificially boosted prices by selling and reselling the stock in-house. Since August, Shopping.com has fallen to a little more than $1.

Two brokerages and two former executives that sold Shopping.com stock at inflated prices must pay $400,000 in compensatory damages, the National Association of Securities Dealers ruled. But the Corona del Mar-based Internet start-up was not fined, Reuters reported. New York's Fiero Brothers brokerage claimed earlier this year that two California firms artificially boosted prices by selling and reselling the stock in-house. Since August, Shopping.com has fallen to a little more than $1.