In Brief: House Panel to Discuss Analyst Bias

WASHINGTON - The House Financial Services Committee's panel on capital markets will hold the second in its series of hearings on potential bias and conflicts of interest among Wall Street equity analysts on Tuesday.

Among those testifying will be Laura Unger, acting chairman of the Securities and Exchange Commission, and a number of financial journalists including Lou Dobbs of CNN and Charles L. Hill, Director of Research for Thomson Financial/First Call.

In a June 14 hearing, the panel heard testimony from trade groups representing the securities industry, who urged lawmakers to allow the industry to self-regulate rather than trying to legislate a solution.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER