Message Font: Serif | Sans-Serif
No. of Recommendations: 0
This was posted on the CREE board slowwavesleep

from a piece in today's NYT on the SEC's investigation of analysts at nine major brokerage firms:

The commission also found that three of these analysts executed trades for their own accounts that were contrary to
recommendations they made to the public. One analyst sold a security short while advising the firm's clients that the
company was a buy.

...More than one-quarter of the 57 analysts reviewed had made pre-initial public offering investments in companies they
later followed, initiating their coverage with a buy recommendation

....Representative Richard H. Baker, Republican of Louisiana, called the most recent testimony very disturbing. "It has
established in my mind that concerns about the bedrock of ethical conduct on Wall Street are totally justifiable,"
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.