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To: KeepItSimple who wrote (100686)	4/14/2000 1:04:00 PM
From: Sam Citron	Respond to of 164684

Well, AG's speech is over. Mentioned panic 3 times and discussed need for portfolio diversification and cash reserves. Spoke of moral hazard twice, w.r.t. dangers of expecting Fed to come to the rescue of financial institutions.

To: KeepItSimple who wrote (100686)	4/14/2000 1:16:00 PM
From: Bob Kim	Read Replies (1) \| Respond to of 164684

KIS, Benjamin is a CFA. Here are some excerpts of the Code of Ethics and Standards of Professional Conduct. Many of these standards parallel legal regulations. Many of his legal obligations as a registered rep (Series 7 holder) probably disappeared when he left Robby, but obviously he could be subpoenaed to give a deposition if shareholder lawsuits are ever filed against the companies he once followed. Code of Ethics excerpts: Act with integrity, competence, dignity, and in an ethical manner when dealing with the public, clients, prospects, employers, employees, and fellow members. Standards of Professional Conduct excerpts: Members shall not engage in any professional conduct involving dishonesty, fraud, deceit, or misrepresentation or commit any act that reflects adversely on their honesty, trustworthiness, or professional competence. Standard IV: Relationships with and Responsibilities to Clients and Prospects A. Investment Process. A.1 Reasonable Basis and Representations. Members shall: Exercise diligence and thoroughness in making investment recommendations or in taking investment actions. Have a reasonable and adequate basis, supported by appropriate research and investigation, for such recommendations or actions. Make reasonable and diligent efforts to avoid any material misrepresentation in any research report or investment recommendation. Maintain appropriate records to support the reasonableness of such recommendations or actions. A.2 Research Reports. Members shall: Use reasonable judgment regarding the inclusion or exclusion of relevant factors in research reports. Distinguish between facts and opinions in research reports. Indicate the basic characteristics of the investment involved when preparing for public distribution a research report that is not directly related to a specific portfolio or client. B.6 Prohibition against Misrepresentation. Members shall not make any statements, orally or in writing, that misrepresent the services that they or their firms are capable of performing; their qualifications or the qualifications of their firm; the member's academic or professional credentials. Members shall not make or imply, orally or in writing, any assurances or guarantees regarding any investment except to communicate accurate information regarding the terms of the investment instrument and the issuer's obligations under the instrument.