ADVISORY/AIMR Available to Comment On Today's SEC Meeting Regarding Research Analyst Conflicts Of Interest.News/Assignment Editors ADVISORY...Wednesday Wednesday: see week. (May 8) --(BUSINESS WIRE)
What: The Securities and Exchange Commission (SEC) is
meeting to consider whether to approve proposed rule
changes submitted by the New York Stock Exchange, Inc.
and the National Association of Securities Dealers,
Inc. relating to research analyst conflicts of
interest, among other items.
When: Wednesday, May 8, 2002
Who: Jessica Mann, CFA, Vice President, Professional
Standards, Association for Investment Management and
Research(R)(AIMR)(R). Ms. Mann is available to comment
on today's SEC meeting on proposed rules regarding
research analyst conflicts of interest.
Perspective: In April, AIMR submitted a formal comment letter
reacting to the proposed rules in which the
association said that, while it is generally
supportive, the rules do not go far enough. AIMR
recommended specific changes to strengthen the rules.
See:
http://www.aimr.org/pressroom/02releases/02analyst_conflicts.html
and
http://www.aimr.org/advocacy/02commltr/02conflict_interest.html
AIMR also published an issues paper in July 2001
outlining pressures on sell-side analysts from
multiple sources, not just investment banking.
See:
http://www.aimr.org/pressroom/01releases/01rpt_objectivity.html
and
http://www.aimr.org/pdf/standards/ai_comment.pdf
The Association for Investment Management and Research(R) is a 58,000-member, non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. of financial analysts, portfolio managers, investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and other investment professionals in 112 countries. Its membership does not include firms or corporations. About 15% of AIMR AIMR See Association for Investment Management and Research (AIMR). members are sell-side analysts Sell-side analyst A financial analyst who works for a brokerage firm and whose recommendations are passed on to the brokerage firm's customers. Also called Wall Street analyst. , and an estimated 25% of U.S. sell-side analysts are members of AIMR. Most AIMR members work on the "buy side" for institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. or private clients. AIMR's mission is to "set a higher standard for investment professionals worldwide," which it does, in part, through its Code of Ethics Code of Ethics can refer to:
An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. (R) curriculum and examination program. To Arrange an Interview: Please call Rich Wyler at 434-951-5344. |
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