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To: Ditchdigger who wrote (67977)	6/10/2000 12:20:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 95453

O/T - "SEC Ponders Disclosure Guidelines for Financial TV Pundits" By Christopher H. Schmitt Staff Reporter 6/8/00 10:05 PM ET Do you put much faith in stock hype you hear on TV? If you do, the Securities and Exchange Commission is looking at ways to let you know that the information may not be all that impartial. Worried about conflicts on the part of cheerleading analysts and others, the regulatory agency has asked financial TV programs for recommendations on how guests might disclose that they own shares of the stock they're recommending or that their firms act as investment banks for the companies. SEC spokesman Chris Ullman said Thursday that the agency is not trying to get in the way of reporting the news but that regulators are concerned about possible conflicts. "We understand the First Amendment situation very well," he said. "We're only seeking [the media's] guidance." Television and brokerage executives are resisting the SEC, which, under chairman Arthur Levitt, has mounted a drive for wider disclosure to investors. thestreet.com