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To: Demetre Deliyanakis who wrote (2627)	5/11/1999 11:18:00 PM
From: Gorak Shep	Read Replies (1) \| Respond to of 17683

I don't think that CNBC employees should be allowed to invest in these IPO'S. Does anybody know what CNBC'S policy is with regards to its employees investment holdings? I haven't seen their policy posted anywhere but I think SteveG has made a wild and unfounded accusation. It is extremely unlikely that the CNBC staff is allowed to participate in any IPO, especially a sweetheart deal like TSCM with Cramer appearing on CNBC regularly. It would be a massive conflict of interest and trash their journalistic integrity. And I'd bet that any journalist at CNBC that got caught in such an act would swiftly be out job hunting and rather unsuccessfully.

To: Demetre Deliyanakis who wrote (2627)	5/12/1999 10:55:00 AM
From: PMS Witch	Respond to of 17683

I remember seeing their policy some time ago. I don't remember if it was in print, on-line, or on the tube. I'll try to repeat it as well as I can remember. They can use limited investment vehicles. They must disclose their holdings to CNBC. They cannot change their investments within a certain period (months) of the investment being mentioned on-air. If an investment they are involved with is mentioned on-air, they must disclose to the viewers their involvement. I think this goes for their family as well. I've heard them disclose from time to time. I guess they cannot fully control guests. I think the policy is fair. It allows these people freedom to manage their affairs as they see fit, but tends to reduce conflicting interests. If I have this wrong, please post a correction. PW.