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Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: jopawa who wrote (1903)	10/20/1998 10:19:00 PM
From: ron insana	Read Replies (8) \| Respond to of 17683

We have some pretty tight restrictions on stock ownership at CNBC. Our conflict of interest policies are very similar to those of the Wall Street Journal or other business news organizations. In many ways, our restrictions are similar to those of securitites firms and securities law firms as well. I have always personally felt that if we (business journalists) wanted to trade stocks we should work for money management firms or brokerage houses. For me, personally, I do not feel comfortable being active in the stock market when it is altogether possible I may find myself conflicted by any news that could affect my personal finances. I am not even comfortable having an impact on stocks I do not own. While not trying to overstate the case, business journalists have an increasing influence over the markets they cover. Limiting conflicts seems like the most appopriate way to handle the responsibilities we have to our viewers. By the way, thanks for the support from those who addressed recently raised issues about perceived biases. Enjoy this thread a great deal. Look forward to chatting more in the future. regards, ron