To: Voltaire who wrote (22736 ) 12/8/2000 4:33:15 AM From: cowgirl-ona-1eyed-horse Respond to of 65232 Morning Tom, Did you say UP??? Naz futures UP ~85 as of this writing :o)mrci.com Here's an interesting news item relating to disclosure by analysts (sorry if already posted)cbs.marketwatch.com --------------------------------------------------------------- Analysts must disclose conflicts By Rex Nutting, CBS.MarketWatch.com Last Update: 4:35 PM ET Dec 7, 2000 NewsWatch Latest headlines Get Alerted WASHINGTON (CBS.MW) -- Stock analysts will have to disclose their financial interests in the stocks they tout on TV and in other public appearances, the National Association of Security Dealers has decided. The NASD board endorsed a rule Thursday that would require employees of its member firms and registered investment advisers to disclose potential conflicts of interest during scheduled public appearances. The NASD said it would work with the federal Securities and Exchange Commission and the New York Stock Exchange to develop a common rule. "It is important for investors to have confidence that a recommendation made by an analyst, or other financial services professional, is based solely on the merits of the investment and not that person's financial interest," said the NASD's chief executive, Robert R. Glauber. "Knowing whether an analyst''s employer underwrote a recommended stock or whether his or her firm has a significant position in a recommended stock is important information," said Arthur Levitt, chairman of the SEC. "Investors deserve to know what possible incentives an investment services professional may have in making a particular recommendation." -------------------------------------------------------------- cowgirl