Do Investors Care About SEC Mandated Disclosures of Analyst Stock Ownership?

Many investors rely on the advice of sell-side securities analysts (those typically employed by a full-service broker-dealer) for investment advice.  These analysts often-times have conflicts of interest that may impact their advice, one such conflict is ownership of stock in the company that the analyst covers.  An analyst's recommendation that causes investors to purchase a stock could cause the stock's price to rise, and thereby increase the analyst's personal wealth by recommending the...