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In exchange for the big cigarette companies' payments, the 1998 agreement gave them tobacco marketing restrictions, which they welcomed.
The SEC also proposed more disclosure of fund companies' payments to brokers and a code of ethics for investment advisers.To industry observers, the most shocking revelation to emerge from the SEC's investigation was that even one broker refused inducements to push certain funds (another took the money, but did not promote the product).
Drug companies' payments to doctors generally fall into one of two broad categories: speaking fees, to doctors who give presentations about products to other doctors, very often while the group dines at the company's expense; and consulting fees, to experts who advise the company on new product development or help design clinical trials.
► A government database reporting companies' payments to physicians and teaching hospitals went live this week, Jocelyn Kaiser reported at ScienceInsider.
A federal database publicly disclosing companies' payments to doctors went live this week, drawing a splash of attention to the $3.5 billion given to physicians over 5 months last year.
In addition, Liberty raised some $55 million from individual investors for Mozido, most of which was transferred using shell companies to fund other Liberty companies, payments to his ex-wife and interior decorating, federal prosecutors claim.
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The five companies' payment disclosure lists say nothing about what the doctors on them did to receive their money.
As a result, many card companies, payment networks and others had been hurtling toward Oct. 1 as a deadline.
In his court statement he denied that drug company payments influenced his public statements on opioids.
Asking about drug company payments is a potentially awkward conversation to have with your doctor.
But broader measures, covering benefits as well as wages, show a recent jump in company payments for health insurance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com