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Trade Group Questions Analyst Reforms

Traders Magazine, April 2002

Gregory Bresiger

Although generally praising efforts to reform the way analysts do their job, the Securities Industry Association is questioning whether some of the proposed reforms offered by the NYSE and NASD will be useful. "Certain aspects of the proposed rules in their current term pose serious concerns. A number of these are likely to produce information that will be of dubious value to investors," according to Stuart Kaswell, the senior vice president and general counsel with the SIA, which filed a comment letter with the Securities and Exchange Commission.

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