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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (11213)	3/6/2003 3:00:34 PM
From: scion	Respond to of 19428

NASD brings charges against banker Quattrone Thu March 6, 2003 01:02 PM ET WASHINGTON, March 6 (Reuters) - The National Association of Securities Dealers on Thursday said it charged Frank Quattrone with misdeeds during his tenure at Credit Suisse First Boston, moving the former investment banking star one step closer to a lifetime ban from the securities industry. The NASD said in a statement that it was charging Quattrone with "spinning" violations as well as creating and overseeing a flawed organizational structure that undermined research analyst objectivity. Spinning is the practice of awarding shares to the personal accounts of executives in a position to assign investment banking business. The NASD said it also charged Quattrone with failing to cooperate in its investigation into whether he encouraged CSFB Tech Group employees to destroy documents after he was notified of NASD and federal investigations. Quattrone, who could not immediately be reached for comment, resigned from CSFB CSGZn.VX under pressure on Tuesday in part because he failed to appear before NASD investigators late last week. reuters.com