No surprises with these IPO shares
Frank Quattrone, one of the symbols of the Net bubble, will face civil charges from the National Association of Securities Dealers relating to how he doled out IPO shares to buy influence with companies, bankers and investors. Having taken the same tests Mr. Quattrone did to get a securities license, it is hard to imagine that he was unaware of the preferential treatment he was using to win business -- the NASD beats it into your head before you get your Series 7.
Posted by Mitch Ratcliffe at January 31, 2003 09:40 AM | TrackBack