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To: Victor Lazlo who wrote (3811)	12/7/2000 10:51:25 PM
From: Libbyt	Read Replies (1) \| Respond to of 57684

C'mon, you give them much too much credit. IMO it is not just CNBC...it is various articles in newspapers or on the Internet where "the facts" are not correct or complete, "rumors" about companies that are not going to meet their projected earnings, "rumors" about the health of Greenspan or the CEO of a company. So, yes you are right....this is giving too much "credit" to CNBC! I realize that manipulation of stocks is not something new...but it is something that happens, and hopefully in the future it will not occur as often. The SEC must think it is a problem based on the statement they issued today. sec.gov Washington, D.C., December 7, 2000 – Chairman Arthur Levitt today made the following statement concerning an NASD Board decision: The NASD Board’s decision today to support greater disclosure of conflicts of interest by analysts who make stock recommendations in print or on television is an important and commendable step. The Commission looks forward to developing rules with the NASD and the New York Stock Exchange in short order that will establish a fair and workable disclosure regime that promotes public confidence. 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. Investors deserve to know what possible incentives an investment services professional may have in making a particular recommendation. This can only improve the credibility of those who make recommendations to the public – credibility that has come under attack in recent months. sec.gov Last update: 12/07/2000