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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (39533)	7/31/2001 9:10:23 PM
From: stockman_scott	Respond to of 65232

<<The Securities and Exchange Commission has turned up isolated cases where analysts profited by trading against their recommendations, the agency disclosed Tuesday. At a congressional hearing probing the practices of Wall Street analysts, acting SEC chief Laura Unger testified that three analysts at undisclosed investment banks executed trades for their personal accounts contrary to recommendations made in research reports they authored -- scoring profits between $100,000 to $3.5 million. In one case, the analyst shorted the stock while maintaining a "buy" rating on the company, Unger said.>> Tim: none of this is surprising BUT we need to see some prosecutions, bar these guilty ANALysts from the securities field for life, fine their I-Banks millions of dollars, put their names on the front page of the Wall Street Journal & on CNBC and embarass the heck out of these less than ethical folks. Of course, you and know that very little will probably happen...The Houses are too powerful and too well connected in Washington. What a crazy game they are allowed to play...=) Best Regards, Scott