Source:
Yahoo/Reuters(Reuters) - U.S. securities regulator FINRA has launched an inquiry into how Citigroup (NYSE:C - News), J.P. Morgan Chase (NYSE:JPM - News), Morgan Stanley (NYSE:MS - News) and others offer stock ratings and research, the Wall Street Journal reported, citing people familiar with the matter.
The Journal had said in August that the Financial Industry Regulatory Authority (FINRA) was examining weekly meetings at Goldman Sachs (NYSE:GS - News), where research analysts offer tips to traders and then to big clients.
The examination has now been expanded to include ten other firms, the Journal said.
Read more:
http://finance.yahoo.com/news/US-FINRA-launches-inquiry-rb-2514521627.html;_ylt=AskhbdklIubAZIAsDlMskOi7YWsA;_ylu=X3oDMTE1ZHY2ZW5wBHBvcwM1BHNlYwN0b3BTdG9yaWVzBHNsawNmaW5yYXByb2Jlc2Y-?x=0&sec=topStories&pos=3&asset=&ccode=
IMHO: Buncha crooks. They get in and out before vast majority of investing public.
They traffic on inside information we don't have. I do better at the race track
where I at least have access to the Racing Form.