Sellside Is Feeling the Pinch
Traders Magazine, September 2004
Sellside analysts are working harder and the quality of sellside analyst coverage of small stocks has declined since the passage of the Sarbanes-Oxley Act of 2002, according to a survey by Citigate Financial Intelligence (CFI). The survey equally sampled analysts, buyside professionals and investor relations officers (IROs) about the effects of the law. Many sellside analysts said that they have to do more and more. Meanwhile, an "astounding 75 percent of the IROs surveyed believe that the sellside covering them is overworked," according to the survey. Of the analysts surveyed, 43 percent said that they cover more companies than they did three years ago.
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