Posted on 03/06/2003 7:28:58 PM PST by NormsRevenge
Edited on 04/13/2004 3:30:34 AM PDT by Jim Robinson. [history]
Regulators charged investment banker Frank Quattrone with violating a series of securities rules as he pushed to land clients for Credit Suisse First Boston.
The National Association of Securities Dealers alleged that Quattrone improperly enticed clients by offering them the opportunity to buy shares in potentially lucrative IPOs and by promising that analysts who were supposed to be independent would provide favorable research.
(Excerpt) Read more at bayarea.com ...
| Tech banker faces charges Investment banker Frank Quattrone has been charged with violating securities rules for his aggressive tactics to land clients by 'spinning' hot IPOs. But his attorney says Quattrone's being used as a scapegoat for conduct that was an industry norm at the time. RELATED LINKS: |
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