Regulators Fail To Police Conflicts of Interest Among Wall Street Analysts, Study Says

The largest independent securities regulator in the U.S. is failing to prevent conflicts of interest among Wall Street equity analysts who later seek jobs at major corporations, according to a new study. Ben Lourie, a PhD candidate at UCLA Anderson Business School, argues that the Financial Industry Regulatory Authority (FINRA) is failing to police the "revolving door" of sell-side analysts who are hired by publicly traded corporations whose stock they once touted to investors.