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SEC Approves Rules to Put End to Analysts' Conflicts of Interests.
Knight Ridder/Tribune Business News, May, 2002
Tags: Hackensack, SEC
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By Kathleen Lynn, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News
May 9--Regulators are cracking down on conflicts of interest among Wall Street analysts, with new rules approved Wednesday by the federal Securities and Exchange Commission.
Analysts have been under fire for allegedly recommending stocks -- even stocks that they privately thought were losers -- in exchange for lucrative deals between the analysts' employers and the companies issuing the stock.
Acting on analyst recommendations, many investors bought into the high-tech boom of the late 1990s, ...
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