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| Tekijä: | Boni, L. Womack, K. L. |
| Otsikko: | Wall Street Research: Will New Rules Change Its Usefulness? |
| Lehti: | Financial Analysts' Journal
2003 : MAY-JUN, VOL. 59:3, p. 25-29 |
| Asiasana: | RESEARCH BANKING USA FINANCIAL MARKETS |
| Kieli: | eng |
| Tiivistelmä: | Two decades of ebullient bull markets leading up to the year 2000 highs created "opportunities" for sell-side analysts and their firms to engage in questionable and objectionable behavior. The clamor about analyst lack of objectivity has resulted in a number of changes. The U.S. Congress held hearings to make changes in the monitoring and compensation of its analysts, and had approved new NASD and NYSE rules for sell-side analysts. These rules mandate the separation of research and investment banking; prohibit the compensation of analysts from specific investment banking deals; prohibit and require some other changes, which are considered in the article. |
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