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To: Amy J who wrote (128366)	2/27/2001 7:54:26 AM
From: GVTucker	Respond to of 186894

I think that this thread vastly overestimates J. Joseph's impact on the institutional community, especially the buy side. They may not be geniuses, but they aren't idiots, either.

To: Amy J who wrote (128366)	2/27/2001 10:07:56 AM
From: Bob Kim	Read Replies (2) \| Respond to of 186894

Amy, Trafficking in rumors is a no-no for securities industry employees. At the very least the goal is not to be the attributed source of a rumor. Here's an excerpt from a NASD publication: Rumors, knowingly false and misleading statements, incomplete information— R e c o m m e n d a t i o n s , analyses, and statements to customers must have a reasonable basis in fact. Withholding material information from a customer could be considered fraud. If you tell your cus-tomer to buy or sell a security based on a “hot tip,” you may have committed securities fraud. If the “hot tip” is not real, or is not “hot,” you have misled your customer. If it is a “hot tip,” you may be violat-ing insider-trading rules. Either way, you can be subject to civil liability, disciplinary action, and even criminal charges.