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Resource ID: #16079
Subject: Stocks And Bonds
Source: Bloomberg News (New York)
Date: 1999-12-06



This three-part series investigates how a) Wall Street's "$10-million-a-year superstar analysts" reserve their true "whispers" estimates to leak to big investors and "deliberately lie" to other investors; b) "... how companies - with the approval of their accountants - are now able to understate their losses and overstate their earnings."; c) "Companies routinely disclose market-sensitive information at closed-door conferences with big investors and analysts, giving them a chance to trade first and putting small investors at a disadvantage."

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