FSA probes Wall Street firms research and stock ratings

Discussion in 'Wall St. News' started by ASusilovic, Dec 18, 2009.

  1. The Financial Industry Regulatory Authority has launched a broad inquiry into how Wall Street firms disseminate stock ratings and research, people familiar with the matter said.

    The industry-funded regulator of securities firms doing business in the U.S. recently sought information from Citigroup Inc., J.P. Morgan Chase & Co. Morgan Stanley and other firms, including details of any meetings where unpublished research opinions or trading ideas were disclosed to nonresearch employees or clients.