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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST

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To: Bill Harmond who wrote (156618)4/28/2003 9:16:45 AM
From: GST  Read Replies (1) of 164684
 
NEW YORK -- The Securities and Exchange Commission (news - web sites) plans to release hundreds of pages of internal e-mails and other documents from Wall Street firms this morning, detailing what securities regulators claim were industrywide efforts to dupe small investors at the height of the dot-com boom.

The massive public disclosure, intended to demonstrate how research analysts hyped high-tech stocks to win investment banking business, comes as part of a long-awaited $1.4 billion global research reform settlement.

New York Attorney General Eliot Spitzer and other key regulators say the flood of evidence against 10 top brokerages will help bolster class-action lawsuits and arbitration cases brought by shareholders angry at heavy stock market losses. Some estimates put additional Wall Street liabilities at more than $3.5 billion.

story.news.yahoo.com
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