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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (56158)	4/25/2002 3:51:16 AM
From: LTK007	Respond to of 99280

brokerages likely to take another beating today as this story is beginning to build, headline story this morning on WSJinteractive <<Two More Wall Street Firms Are Targeted in Trading Probe By RANDALL SMITH and SUSAN PULLIAM Staff Reporters of THE WALL STREET JOURNAL A major investigation into alleged abuses in the market for initial public stock offerings has widened to include two more securities firms, both leading underwriters of technology issues. The regulatory unit of the National Association of Securities Dealers has notified J.P. Morgan Chase & Co. and the Robertson Stephens unit of FleetBoston Financial Corp. that they could face civil charges for taking excessive commissions from big investors who received hot IPO shares in 1999 and 2000, according to people familiar with the matter.>> link(a pay site, however) online.wsj.com