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To: GST who wrote (156511)4/26/2003 7:17:56 PM
From: fut_trade  Read Replies (2) | Respond to of 164684
 
Regulators to Document Conflicts on Wall Street
By Ben White
Washington Post Staff Writer
Saturday, April 26, 2003; Page E01

NEW YORK, April 25 -- Morgan Stanley Internet analyst Mary Meeker bragged about her contributions to investment banking revenue in employee self-evaluation memos that regulators are expected to release on Monday when they will announce a final settlement to end investigations of Wall Street's top investment houses, sources said yesterday.

Meeker will not be the only one singled out on Monday. State and federal regulators are expected to release internal documents and e-mail on all the Wall Street firms they investigated. Sources said the documents will include e-mails from Goldman Sachs & Co. Internet analysts discussing how investment-banking firms influenced their ratings on stocks. A Goldman spokesman declined to comment.

The investigations found that stock market analysts sometimes publicly touted shares of companies they criticized privately in order to win investment banking business.

In addition to the internal documents, regulators are expected to issue charges against the firms, source said. At least three -- Citigroup Inc.'s Salomon Smith Barney unit, Merrill Lynch & Co. and Credit Suisse First Boston -- are expected to be charged with fraud, sources said. Others will be charged with lesser violations of industry rules. None of the firms will admit to wrongdoing as part of the settlement.

The Securities and Exchange Commission has discussed the settlement in closed meetings for several days but has not yet voted on it, according to sources. But sources said the SEC will approve the settlement soon and file the agreement with a federal judge on Monday, before the announcement.

Is WH still humping Meeker's leg?



To: GST who wrote (156511)4/26/2003 8:10:15 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
You are soooooo sure!