Exact(16)
The next entry was "Investigation of investment banking firm analysts".
The brokerage firm analysts who follow Nuance see no evil in its executives' sales.
Indeed, over the last several years, many investment firm analysts stood their ground to continue to offer honest stock opinions to investors in the face of intense pressures.
In proportion to Deloitte's total revenue in the country, it is the most severe fine Spain has ever imposed on a Big Five auditing firm, analysts said.
Holdings in fledgling companies by brokerage firm analysts and executives often come in the form of restricted stock issued when the firm takes the company's shares public.
The move confirms that the two are in line to be the next leaders of the firm, analysts and investors said.
Similar(44)
" 'Just take a fresh look' is 90's code for change your opinion," said Tom Brown, chief executive of Bankstocks.com and a former brokerage firm analyst.
"I would view Salomon's numbers as unusually strong rather than see Merrill's results as particularly weak," said Joan Solotar, a brokerage firm analyst who follows both Merrill and Citigroup at Credit Suisse First Boston.
Using data from First Call and Zacks Investment Research, the professors studied more than a half-million recommendations from 1986 to 2000 by more than 4,000 brokerage-firm analysts.
Regulators have long been concerned because brokerage-firm analysts, with their glowing research reports, play an increasingly important role in bringing business to their firms from companies wishing to issue shares.
Like the accounting firms, analysts suffer from hopelessly divided loyalties.
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