IKN

Tis rigor and not law

This is like Dr. Evil demanding one million dollars in an Austin Powers movie

Good ol pal Setty sends in this link:

A Securities and Exchange Commission (SEC) investigation
found that Grom certified that his March 29, 2012 research report about
discount retailer Big Lots accurately reflected his own beliefs about
the company and its securities.


But in private communications with Deutsche Bank research and sales
personnel, Grom indicated that he didn’t downgrade Big Lots from a “buy”
recommendation in his report because he wanted to maintain his
relationship with Big Lots management.


Grom agreed to settle the charges by paying a $100,000 penalty, and
he will be suspended from the securities industry for a year. continues here

After the judgment was handed down, Grom was heard asking the judge “Cash or cheque?” and “I don’t have that on me right now, will tomorrow do?”.

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