Preserving Market Integrity

Download 197.22 Kb.
Size197.22 Kb.
1   2   3   4   5   6   7


1. Australian Securities and Investments Commission, Submission on CLERP 9 Corporate disclosure: strengthening the financial reporting framework, November 2002
2. Australian Stock Exchange, 2002, Draft Business Rule Guidance Note : Independence of Research, Disclosure of Conflict & Dealing Before Research Recommendations
3. Bollen, R, 2003, Research Analysts and the Australian Market Misconduct Regime,

Murdoch Univeristy Electronic Journal of Law, Vol 10, No. 2

4. Boni, L. and Womack, K. L., 2002, Solving the Sell-Side Research Problem: Insights from Buy-Side Professionals. Working Paper
5. Bruce, B., 2002, Stock Analysts: Experts on Whose Behalf?, The Journal of Psychology and Financial Markets, Vol. 3, No.4, 198-201
6. Choi, S. and Fisch, J., How to Fix Wall Street: A Voucher Financing Proposal (Working Paper)
7. Committee on Financial Services, U.S. House of Representatives, (2001) Analyzing the Analysts, Serial No. 107-25
8. Consumer Federation of America, Consumers Union, Consumer Action, and U.S. Public Interest Research Group, 2001, Wall Street Research Conflicts of Interest: An assessment of Industry Proposals and Recommendations for Reform
9. Hains, M., 2002, Are analysts really independent?, Aust Corp Law – Bulletin No. 21 – 25 October 2002
10. Fisch, J. and Sale, H. A.., 2003, The Securities Analyst as Agent: Rethinking the Regulation of Analysts, 88 Iowa L. Rev. 1035

Mitchell, L. E., (2003), The Sarbanes-Oxley Act and the Reinvention of Corporate Governance?,

11. Securities and Exchange Commission, Final Rule: Regulation Analysts Certification, 17 CFR PART 242, April 14, 2003, (accessed 4 February 2005)
12. Sirri, E., 2004, Investment Banks, Scope, and Unavoidable Conflicts of Interest, Working Paper prepared for the Financial Markets Conference, Wall Street against the Wall: Transparency and Conflicts of Interest

1 International Council of Securities Association (ICSA), ICSA Research Series, After the Bubble Has Burst: New Rules for Research Analysts and Research Related Conflicts of Interests, Marilyn Skiles, June 3, 2003

2 Trust an Analyst?: An Investigation of Conflicts of Interest in an Australian Investment Bank, (working paper), Alex Proimos, 2005

3 The Truth about Wall Street, The Australian Financial Review Weekend, April 13-14, 2002, Perspective p.27, Luke Collins; Thieves should run for cover: US rules may be coming here, Last Word, Kohler, Alan Kohler, The Australian Financial Review Weekend, May 3-4, 2003, p. 72 and continued p.53

Research analyst independence: ASIC surveillance report, 22 August 2003.

4 Ibid p.7

5 Buy-side analysts provide research to sophisticated institutional investors and typically do not have exposure to conflicts of interest.

6 Aitken, Muthuswamy and Wong, "The Impact of Brokers' Recommendations: Australian Evidence"

7 International Council of Securities Association (ICSA), ICSA Research Series, After the Bubble Has Burst: New Rules for Research Analysts and Research Related Conflicts of Interests, Marilyn Skiles, June 3, 2003, p.26

8 Developments in the Financial Services industry: Investor Protection in the New Economy and CLERP 6, discussion paper by Alan Cameron of the Australian Securities and Investment Commission provided the foundations

9 Final Rule: Regulation Analyst Certification, Securities and Exchange Commission, 17 CFR PART 242, [Release Nos. 33-8193; 34-47384; File No. S7-30-02] RIN 3235-AI60, April 14 2003

10 NASD and NYSE Rule making: Securities and Exchange Commission (accessed February 15 2005)

11 (accessed 29 January 2005)

12 Referenced from Wall Street’s Credibility Problem: Misaligned Incentives and Dubious Fixes? By Leslie Boni and Kent L. Womack, 02-04, The Wharton School, University of Pennsylvania, Working Paper

13 CFA Institute, Best Practice Guidelines Paper, 2004

14 AFR Brokers’ Chinese walls may be too low, April 13-14 2002, Neil Chenoweth and Jemima Whyte, p.12

Download 197.22 Kb.

Share with your friends:
1   2   3   4   5   6   7

The database is protected by copyright © 2023
send message

    Main page