do whatever was possible to expedite the process.
That also has put pressure on analysts to report favorably on a company in order to maintain access to inside information
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?'
I've 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
High-quality and timely information is the lifeblood of strong, vibrant markets. It is at the very core of investor confidence
a way to gain and maintain favor with particular analysts.
It is time for the U.S. securities market to make this change
A careful balance of 'bright-line' rules establishing clear limits, coupled with greater disclosure, seems both warranted and prudent
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?'
This effort will be an important addition ? to encourage the education of fund directors
Our markets have not achieved their great successes as a result of government fiat, but rather through efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.
Firms need to ensure that their ability to provide effective customer service keeps pace with their growth. If you're marketing your firm to new customers, you better be able to provide them service when they do business with you.
Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry.
One way for investors to protect themselves from a rapid change in the price of a stock is to use a limit order rather than a market order.
It is incumbent on us to facilitate the development of a market structure that best assures that these changes benefit the U.S. securities markets as a whole.