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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who started this subject3/21/2001 10:27:46 AM
From: stevenallen  Read Replies (2) of 122087
 
From "THE" THREAD -
You're gonna love this about JP Morgan from the London Times:
JP Morgan reins in analysts
THE independence of JP Morgan’s stock market research is being questioned after analysts at the US investment bank were instructed to seek approval from corporate clients before publishing recommendations on those stocks.
In a memorandum circulated to JP Morgan analysts last week, Peter Houghton, head of equity research, said he must personally sign off all changes in stock recommendations. In addition, the memo further sets out rules, described as “mandatory”, requiring analysts to seek out comments from both the companies concerned and the relevant investment banker at JP Morgan, prior to publishing the research.

The full story:
thetimes.co.uk

Who would have guessed???
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