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To: TFF who started this subject	5/24/2002 8:49:55 AM
From: TFF	of 12617

SEC Considering Rule for Analysts Thu May 23, 9:20 PM ET NEW YORK (AP) - Securities and Exchange Commission (news - web sites) chairman Harvey Pitt said the agency will "move quickly" to adopt conflict of interest rules for financial analysts. Pitt's statements during an interview Thursday on public television's Nightly Business Report came two days after Merrill Lynch's agreed to pay a $100 million fine to settle allegations that its analysts pushed stocks to investors to win lucrative investment banking business. One rule, he said, could require an analyst to "certify" that his views be real. Pitt also said that analysts would have to verify that "no part of their compensation, either directly or indirectly, in anyway came as a result of the recommendation" contained in the analysis. Pitt said that such a rule would make analysts personally liable for fraud if their reports did not reflect their real beliefs.

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