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To: tradermike_1999 who wrote (2507)	3/22/2001 12:00:20 PM
From: ILCUL8R	Read Replies (1) \| Respond to of 74559

tradermike -- do you have the URL for the London Times article mentioned below? Also, do you or anyone else have a comment about the full disclosure regs promulgated by the SEC last fall? Are they still being honored now that the SEC has a new head? Thanks......... -------------------- The London Times did an excellent investigative report that the Wall Street Journal or CNBC will never touch. At J.P. Morgan, Peter Houghton, the head of equity research, sent out a memo to every analyst at the firm saying that all stock recommendations will now have to be sent to the companies concerned and the relevant investment banker at J.P. Morgan first. "If the company requests changes to the research note, the analyst has a responsibility to incorporate the changes requested or communicate clearly why the changes cannot be made," he wrote. The "clients banker" must also first approve the report via email before it can be released. Any analyst who tries to be independent will be fired.