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Join the Securities Litigation and Enforcement Group on LinkedInSEC dusts off Reg AC to charge former Deutsche Bank analyst | Compliance Week
Today, the SEC announced that it has filed a settled administrative proceeding against Charles P. Grom, a former Deutsche Bank research analyst, for allegedly certifying a rating on a stock that was inconsistent with his personal view. The SEC alleged that Grom’s conduct violated the analyst certification requirement of Regulation Analyst Certification (“Reg AC”). via SEC dusts off Reg AC […]
FINRA Fines 10 Firms a Total of $43.5 Million for Allowing Equity Research Analysts to Solicit Investment Banking Business
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined 10 firms a total of $43.5 million for allowing their equity research analysts to solicit investment banking business and for offering favorable research coverage in connection with the 2010 planned initial public offering of Toys”R”Us. via FINRA Fines 10 Firms a Total of […]
As FY 2014 Closes, SEC Brings Two Cases Based on Leaked Info From Analysts | Compliance Week
In two cases filed this week as the SEC’s fiscal year 2014 comes to a close, the SEC delivered a sharp reminder to financial analysts (and their friends!) that market-moving ratings changes by financial institutions need to remain confidential until they are publicly announced. via As FY 2014 Closes, SEC Brings Two Cases Based on […]
David Maris Is Punished as a Wall Street Whistle-Blower
Analyst “sued, fired and stripped of compensation” after negative report.
Study: Analysts’ Investment Advice Not Useful
Academic study finds analysts generally do not provide meaningful investment advice for investors.
Negative Research Report Brings Trade Libel Lawsuit
Hertz sues Audit Integrity for “incomplete and misleading conclusions.”