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Pastimes : John Dessauer's Investors World
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To: Ralph C. Cinque who wrote (1808)10/30/1998 7:47:00 PM
From: Wren   of 2346
 
The point that De Modulator made about conflict of interest because JD also manages individual accounts and a listed mutual fund is one that I had not thought of before.

This does present timing problems on both buy and sell recommendations. Which group gets them first? It is not possible for all to get them simultaneously unless he gives them on the hotline and then executes for the managed accounts and the mutual fund the next morning along with all listeners who wish to do so.

Remember, he had a special hotline presentation on Espirito Santo, and recommended strongly that subscribers buy, and that stock opened late the next morning because of an imbalance of buy and sell orders, and when it opened it was up sharply.

If he puts his managed account people and mutual fund people in first, he can almost guarantee them a quick rise by them strongly recommending the stock to newsletter folks.

Does anyone know if there is an SEC rule on this sort of conflict of interest?

Regards,

Wren
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