Banks Win Ban on Flyonthewall Instant News of Reports (Update4) - Bloomberg.com:
"March 18 (Bloomberg) -- Theflyonthewall.com, an online financial news service, was barred from issuing immediate online reports about stock upgrades and downgrades of Barclays Plc, Bank of America Corp.’s Merrill Lynch, and Morgan Stanley."
Interesting case....imagine if the same happens with Blogs and twitter. Indeed it could be for sports etc.
“This time frame preserves incentives for the firms to create and disseminate research reports to their investor clients, while still recognizing the inevitable, fast-moving and widespread informal communication of recommendations on Wall Street,” she wrote.
via
http://twitter.com/dvolatility
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