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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (56603)	4/25/2002 3:37:46 PM
From: nolimitz	Read Replies (1) of 99280

Thursday April 25, 3:24 pm Eastern Time SEC unable to confirm report of major probe into analysts NEW YORK, April 25 (Reuters) -- A spokesman for the U.S. Securities and Exchange Commission was unable immediately to confirm or deny the existence of plans to launch a major examination of analysts' conflicts of interest. Such a probe is in the works following a meeting earlier this week between SEC chairman Harvey Pitt and New York State Attorney General Eliot Spitzer on Spitzer's investigation of analysts' conflicts at Merrill Lynch & Co. (NYSE:MER - news), the Wall Street Journal's online edition reported on Thursday. Wall Street analysts have been accused of issuing overly bullish recommendations for companies in order to enable their investment banking employers to win lucrative financing deals.

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