“do whatever was possible to expedite the process.”
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“That also has put pressure on analysts to report favorably on a company in order to maintain access to inside information,”
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“But when that information travels only to a privileged few, when it is used to profit at the expense of the investing public, when that information comes by way of favored access rather than by acumen, insight or diligence, we must ask, Whose interest is really being served?”
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“Ive had my dream job. I have been able to work on issues that I have been deeply passionate about since I first began my career in the securities business nearly 38 years ago,”
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“High-quality and timely information is the lifeblood of strong, vibrant markets. It is at the very core of investor confidence,”
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“a way to gain and maintain favor with particular analysts.”
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“It is time for the U.S. securities market to make this change,”
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“A careful balance of bright-line rules establishing clear limits, coupled with greater disclosure, seems both warranted and prudent,”
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“How many times have we seen an analyst on television being asked to list his top five picks? And how many times has that analyst taken the opportunity to caution viewers, By the way, my employer recently underwrote three of these stocks?”
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“This effort will be an important addition ? to encourage the education of fund directors,”
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