TV stock analysts may soon need disclaimer

Article Abstract:

Stock analysts and money managers may be forced to reveal conflicts of interest in disclosing any financial ties they have to companies whose stocks they tout. The board of the National Assn of Securities Dealers and the New York Stock Exchange are planning to work with the New York Stock Exchange Commission to develop rules to force analysts and money managers to reveal conflicts of interest. They believe that it is important for investors to have confidence that a recommendation made by an analyst of other financial services professional is based solely on the merits of the investment.

Securities & Investment Svcs, Securities and Commodity Contracts Intermediation and Brokerage

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SEC rules aim to keep brokerages on the level

Article Abstract:

The US Securities and Exchange Commission have proposed a two-part rule aimed at stock brokerages. The rule is specifically aimed at sloppy or greedy stock brokerages that are not trying to get the best prices for investors who want to buy or sell stock. It would require brokers to reveal which market makers they use to execute traders. It would also require market makers to post monthly reports on their Web sites that detail the quality of their trade execution.

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A bad day for Knight and other brokerages

Article Abstract:

Brokerage firms shares were unloaded on Oct 4, 2000, after investors received an ominous profit warning from one of the largest trading firms. Knight Trading has warned that its0 3rd qtr earnings would fall below 50% of Wall Street's expectations. The revelation came on the heels of similar disappointments in September from Morgan Stanley Dean Witter and National Discount Broker. Knight Trading shares closed at $28.50, down 11%, or $3.69.

Securities prices

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