Frank Quattrone wants to repeal the regulations that built a wall between sell-side research analysts and investment bankers arranging initial public offerings. Speaking at a technology conference at Stanford University yesterday, Quattrone said the regulations were making US markets less competitive and creating a dearth of IPOs.
"It hurts the competitiveness of our country to deny companies access to research analysts," he said at the AlwaysOn conference. The remarks were some of his first public statements on markets since he formed his new firm in March. In 2003, he was accused of steering hot IPOs to clients to win investment-banking business. A later conviction on obstruction of justice charges was overturned by the courts....
DealBreaker's links:
Quattrone 'back in business' [Mercury News]
Dear Mr. Quattrone, You're Wrong. [Portfolio]
GT Solar IPO prices at $16.50 per share in IPO (SOLR)
GT Solar shares fall as much as 15 pct in debut (SOLR)
