Morgan Stanley Announces Selection of Eight Independent Research Firms.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Morgan Stanley today announced that its independent research consultant, Arthur Ainsberg, has initially selected eight third-party research companies to provide clients with independent analysis of domestic and certain international stocks covered by the Firm's Equity Research Department. The eight third-party research providers are: Alpha Equity Research, Argus Research, The Buckingham Research Group, Fulcrum Global Partners, IPOfinancial.com, Soleil Securities Group, Standard & Poor's, and Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. . This initiative is a result of the Global Research Analyst Settlement (GRAS GRAS - A public domain graph-oriented database system for software engineering applications from RWTH Aachen. ), an agreement reached between a number of Wall Street firms and state and federal regulatory agencies in April of 2003. Under the terms of GRAS, each of the settlement firms was required to select an independent consultant to decide which third-party research providers would be made available to clients. Mr. Ainsberg is the founder of Ainsberg Associates, a New York based securities consulting firm. He is a member of the Board of Directors of Nomura Securities Inc. and National Financial Partners Corporation. He previously served as the Chief Financial Officer of Odyssey Partners, a New York-based hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" . He has also served as a securities arbitrator for both the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and NYSE NYSE See: New York Stock Exchange . Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 27 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations. |
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