[quote=Allan from Fallbrook]Dave: Ah, yes, but then what do you say about someone like Frank Quattrone (CSFB’s Tech Group)?
Being a “Friend Of Frank” in the dot.com runup certainly had it’s advantages, didn’t it?[/quote]
I never had a problem with Frank Quattrone’s shenanigans. He and CSFB played favorites among their customers and offered preferential IPO access to their largest, most profitable clients. This never bothered me. (And, to be clear, I’ve never participated in a “hot” IPO or had an account with CSFB.)
Again, personally, not a problem to me. But, in the eyes of the public – the “level playing field” issue – it looks bad. So I understand why we have laws against that sort of thing. I realize that it’s in our national interest to have the public feel that our financial markets aren’t rigged.
