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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (4253)	9/19/2002 11:07:23 AM
From: Sojourner Smith	Respond to of 19256

thanks I could use some feedback sometimes.

To: Smiling Bob who wrote (4253)	9/19/2002 5:14:03 PM
From: Smiling Bob	Respond to of 19256

Brokers woes barely beginning DOW Change -230.06 (-2.82%) ----- NY attorney general gets CSFB case Mass. regulators question analyst ratings By Steve Gelsi, CBS.MarketWatch.com Last Update: 3:39 PM ET Sept. 19, 2002 NEW YORK (CBS.MW) -- Massachusetts regulators have filed a criminal referral against CS First Boston with New York Attorney General Eliot Spitzer after e-mails at the investment bank showed analysts' ratings influenced by the investment banking business at their employer. Free! Sign up here to receive our After the Bell Report e-newsletter! INFORMATION FOR CSR: Create an alert for CSR Add CSR to my portfolio Get more cool charts on CSR Discuss CSR NEWS FOR CSR Criminal referral filed over CSFB analyst ratings Morgan Stanley leads banking shares lower Credit Suisse CEO leaving; Europe deal-makers thin out More news for CSR Quote & News Charts Financials Analysts Options SEC Filings TRACK THESE TOPICS My Portfolio Alerts Company: Agilent Technologies Inc Add Create Company: Credit Suisse Group Add Create Create A Portfolio \| Create An Alert In an e-mail Oct. 12, 2000, analyst Tim Mahon described a technique dubbed "The Agilent (A: news, chart, profile) Two-Step" in which the company maintains an official ranking on the company but "verbally everyone knows your position," the Associated Press reported. Massachusetts Secretary of State William Galvin called the practice a form of corruption. ''Given the clear tenor of the [CS First Boston] correspondence, this was accepted practice,'' Galvin told The Boston Globe. '"This is a new analyst being indoctrinated into the patterns of deceit. It's like keeping two sets of books. The pattern here is rather rancid." CS First Boston (CSR: news, chart, profile) spokeswoman Victoria Harmon told the AP that the bank has enacted "systemic changes to strengthen analyst independence," in the two years since the e-mails took place. The company continues to work closely with regulators and government officials, she said. Merrill Lynch has also paid $100 million to settle allegations of conflicts of interest between its research and investment banking businesses. Spitzer now has the option of pursuing the criminal referral involving CS First Boston. A spokeswoman from Spitzer's office confirmed the referral, but said it's too early to say if an investigation will follow or if any criminal charges will be lodged against the bank. Galvin's office and CS First Boston were not immediately returned Thursday. In a separate move, CS First Boston named a new chief executive on Thursday. See full story. Steve Gelsi is a reporter for CBS.MarketWatch.com in New York. marketwatch.com