GAO Calls For More Curbs On Analyst, Banker Conflicts

Law360, New York (January 13, 2012, 5:23 PM EST) -- Securities regulators can do more to ensure that investors are protected from possible conflicts of interest between research analysts and investment bankers who work for the same broker-dealers, according to a U.S. Government Accountability Office report released Thursday.

The GAO said in the report that the U.S. Securities and Exchange Commission should formally assess if any remaining terms from a landmark “global settlement” that regulators reached with 12 broker-dealers in 2003 and 2004 to sever connections between analysts and bankers should be codified and applied to...
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