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Non-Tech : Market Makers - What They Do and How They Do It -- Ignore unavailable to you. Want to Upgrade?

To: rjm2 who wrote (421)	11/23/2000 1:49:10 PM
From: 10K a day	Read Replies (1) \| Respond to of 429

absolutely

To: rjm2 who wrote (421)	4/25/2001 1:34:49 PM
From: Savant	Respond to of 429

Levitt/advance press/tells all?..we'll see/pass it on. Former SEC Chairman Arthur Levitt to Publish Book Exposing Hidden Costs and Dangers of Investing: Book Due in 2003 From Pantheon, Imprint of Knopf Publishing Group NEW YORK, April 25 /PRNewswire/ -- Sonny Mehta, President of the Knopf Publishing Group, announced today the acquisition of a book by Arthur Levitt, former Chairman of the United States Securities and Exchange Commission. The book, Levitt's first, will arm investors with unique insights and advice about who is and who is not working in their interest, how to separate hype from fact, and how to invest smart and, ultimately, more profitably. It will be published by Pantheon Books in hardcover in January 2003, and by Vintage Books in paperback the following year. Both Pantheon and Vintage are imprints of the Knopf Publishing Group, which is a division of Random House, Inc. Erroll McDonald, Vice President and Executive Editor of Pantheon, acquired world rights to the book from Robert Barnett of Williams & Connolly in Washington, D.C. Mr. McDonald will work with Mr. Levitt as his editor. "Never have the world financial markets been the object of more intense scrutiny," said Mr. Mehta. "Arthur Levitt's experience makes him uniquely qualified to explain how these markets work, and should work, for investors today. More important, he has telling insights on when and why analysts, brokers, stocks and markets fail -- cautionary tales for us all." "This book will be a distillation of everything I learned during my eight years at the Securities and Exchange Commission," said Mr. Levitt, "and in my three decades on Wall Street." Levitt will go behind the scenes to reveal hidden market costs and investment pitfalls, telling investors what questions to ask of whom. He will discuss what Washington and Wall Street must do to better serve the needs of the most powerful force in markets -- the individual investor. Arthur Levitt was the 25th Chairman of the United States Securities and Exchange Commission. First appointed by President Clinton in July 1993, he was reappointed in May 1998, and in 1999 became the longest-serving Chairman of the Commission. Hallmarks of his tenure included improving the quality of the financial reporting process, maintaining the independence of auditors, saving investors billions by reducing spreads in the Nasdaq market, and promoting the use of plain English. Chairman Levitt was also instrumental in requiring that important information be released to all investors simultaneously, fighting Internet fraud, and cleaning up the municipal bond market. He left the commission in February. Before joining the commission, Mr. Levitt owned Roll Call, a newspaper that covers Capitol Hill. From 1989 to 1993, he served as the Chairman of the New York City Economic Development Corporation, and from 1978 to 1989 he was the Chairman of the American Stock Exchange. Prior to joining the Amex, Mr. Levitt worked for 16 years on Wall Street. He graduated Phi Beta Kappa from Williams College. MAKE YOUR OPINION COUNT -- Click Here tbutton.prnewswire.com SOURCE Knopf Publishing Group /CONTACT: Paul Bogaards, Senior Vice-President, Executive Director ofPublicity, Promotion and Media Relations, 212-572-2177,pbogaards@randomhouse.com for Knopf Publishing Group/

To: rjm2 who wrote (421)	5/24/2001 10:35:37 AM
From: Savant	Read Replies (1) \| Respond to of 429

Brokerages put the pressure on... [B] US Press: SEC eyes financial Web sites as potential brokers By Storme Street Washington, May 24 (BridgeNews) - The Securities and Exchange Commission could begin regulating Web sites that give stock advice, the Washington Post reported Thursday. SEC officials, representatives of brokerages and financial Web sites, including AOL and Motley Fool Inc., met for a roundtable discussion here Wednesday to discuss the potential for the sites being designated as broker-dealers--and regulated as such. * * * Web sites that offer financial advice must maintain a clear line between editorial material and advertising, regulators said. However, regulators are concerned that because advertising on these sites allows users to trade from pages containing journalistic writing, the sites could technically be considered brokerages. Broker-dealer firms must register with the SEC, and employees must be certified and subject to certain regulation. "What got us started on this discussion was, gee, portals are starting to look a lot like broker-dealers," said Laura S. Unger, acting chairman of the SEC. "They provide all the information but they aren't doing anything to actually execute trades." Brokerage houses raised the issue with regulators on the fear that they could lose business to Internet portals. According to the Post, however, Wednesday's discussion was informal, and the rules are not likely to change any time soon. The best way to ensure clarity for readers between editorial content and advertising is to obviously separate the two within a site, several members of the panel discussion said. End [Begin BridgeLinks] Storme Street, BridgeNews, Tel: 202-220-3763 Send comments to gennews@bridge.com Related stories: Menu of fundamental information on this company Media://Analytics/Pages:AOL-Menu:/cmd=AOL/cf/menu First Call Consensus Earnings Estimate Media://Analytics/Pages:AOL-Earnings-Estimate:/cmd=AOL/CF/EST 60-day Price History Media://Analytics/Pages:AOL-Price-History:/cmd=AOL[1350MOV3]/DAT=L60 Trailing 12 months Earnings per Share Media://Analytics/Pages:AOL-EPS:/cmd=AOL[1584EPS] Users of BridgeStation 6.33 and higher can double-click on the following: Daily bar chart with volume Media://Athena:AOL-Bar-Chart:/symbol=AOL/layout=barvol.cht/period=daily Dynamic intraday tick chart, with volume Media://Athena:AOL-Tick-Chart:/symbol=AOL/layout=LineVolLong.cht Daily point-and-figure chart Media://Athena:AOL-Point-and-Figure:/symbol=AOL/layout=pointfigure.cht Price chart with 100- and 200-day moving averages Media://Athena:AOL-Moving-Averages:/symbol=AOL/layout=barma100-200.cht [End BridgeLinks] Copyright 2001 Bridge Information Systems Inc. All rights reserved. May-24-2001 14:16 GMT Symbols: US;AOL Source B BridgeNews Global Markets Categories: T/Z/GEN B/HOT S/NET R/US R/NME I/SOF I/PUB I/NET I/MOV I/CSV I/CBL S/RGU I/SCR MST/S/NET MST/R/US MST/R/NME MST/I/SOF MST/I/PUB MST/I/NET MST/I/MOV MST/I/CSV MST/I/CBL MST/S/RGU MST/I/SCR MST/T/Z/GEN MST/B/HOT