Shane Smith CEO of Independent International Investment Research PLC
Shane Smith CEO of Independent International Investment Research PLC

The changing needs of the retail equity investor:the emerging importance of FX research in investment decisions

Shane Smith talks about the changing needs of the retail equity investor and the emerging importance of FX research in investment decisions.

First Published: e-Forex Magazine 17 / Log-Off / January, 2005

During 2002, the incumbent Attorney General of New York became a household name - at the very least in the households of Wall Street’s leading investment banking analysts and their CEO’s. Elliot Spitzer had looked under some rocks, and - to no-one’s great surprise – some unsavoury practices blinked into the spotlight and scuttled out.His particular focus were the less-than-objective views expressed on the prospects of companies coming to the market or already listed, by investment research analysts working with the investment bankers on new mandates. In a couple of now-notorious cases, research notes bounded with ecstatic optimism whilst internally, descriptions bore a more canine character. In a rare case where something is not designated a three-letter acronym, what has variously been called “The Spitzer Settlement”, “The Global Research Analyst Settlement”, and no doubt some quite different names in specific households, ten broker-dealers (investment...continued

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