Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
Accountability?
by DSK Rao on Aug 28, 2007 02:28 PM   Permalink | Hide replies

Does not the law have a provision to punish wrong advice? or is these analysts like politicians who can talk anything?

    Forward  |  Report abuse
  RE:Accountability?
by raghu hegde on Aug 28, 2007 02:45 PM   Permalink
I am Sorry to say....... In our country, law is very specific., i.e. applies to few people only....

   Forward   |   Report abuse
  RE:Accountability?
by rohit sinha on Aug 28, 2007 03:00 PM   Permalink
Analyst recommendation at the end of the day is just an "opinion" - having said, post the dot com bust, analysts are required to make full disclosure. So they have to disclose their methodology, parameters used, and also give a comparison of their target price vis-a-vis the market price. Also, there is a concept of a Chinese Wall between the research and brokerage sections of a firm - analysts cannot disclose any information to the broker, and also there cannot be direct professional exchange between them unless it is disclosed. So while the article makes sense, the analyst & broker being in cohorts is less now. Though, this is stricter in US than in India

   Forward   |   Report abuse
  RE:Accountability?
by xyz abcs on Aug 28, 2007 09:24 PM   Permalink
dude no1 forces anyone to follow the advice..its your prerogative to follow it and if u burn ur hands doing so, its completely your fault

   Forward   |   Report abuse
The above message is part of the Discussion Board:
Beware of the buy recommendation