Zeev's Turnips - No Politics Message Board

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

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To: Steve Lee who started this subject	2/8/2002 7:33:01 AM
From: Steve Lee	Read Replies (1) of 99280

New analyst rules announced last night: They look unenforceable to me, and don't seem to solve any prblems anyway. Maybe the next iteration will be better.. cbs.marketwatch.com "Exchanges tighten analyst rules Independence from investment banking is goal By Susan Lerner & Lisa Smith Last Update: 6:02 PM ET Feb. 7, 2002 WASHINGTON (CBS.MW) -- Capping a year of hearings and comment on sell-side research practices, new rules were announced Thursday by the National Association of Securities Dealers and New York Stock Exchange in an effort to make analysts accountable for their recommendations" I like this bit: ""The proposal will impose technical regulatory requirements at significant costs that may impair the ability of firms and their analysts to provide timely, relevant investment recommendations," said Marc E. Lackritz, president of the Securities Industry Association," As if they give timely relevant recommendations anyway! Well, relevant to their own ends I spose.

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