Investor Relations in the 21st Century

... Or fencing on a tightrope in the eye of the storm...

After two plus decades on the firing line in Investor Relations I have as many questions now as I did when I started – just different questions. Traders outnumber investors; markets are increasingly fragmented and opaque; technology outpaces regulation, All these trends are transforming the IR landscape today and into the future. RiskRewardNews is where I intend to search for insight and answers. Join me in conversation with market participants, CEOs, CFOs, IROs, academics, regulators, and informed observers as the financial market of the 21st Century takes shape.

Sunday, November 1, 2009

End of GRAS: Whither Independent Research?

Independents' day

  • Spitzer’s global settlement expires after five-year run
  • Independent research grew under the settlement, and is still strengthening
  • Exchanges provide independent small-cap coverage

.Born out of New York attorney general Elliot Spitzer’s investigation into conflicts of interest among research analysts at investment banks, the Global Research Analyst Settlement – or simply the global settlement – has been described as ‘the nail in the coffin of sell-side research’ as well as a ‘pot of gold’ for independent research providers. After all the ink and talk, the settlement ended its predetermined five-year run on July 31.
Published in IR Magazine Oct, 2009
Read full artcile here.

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