Bank One Tells Some Investors, Ignores Others on Web Call
After making exemplary efforts to widely disclose details about its troubles of the past several months, Bank One (ONE Quote) now appears to be considerably more selective about who gets to hear what's going on at the Chicago-based institution.
The bank has apparently been sharing information only with small numbers of market professionals rather than with the wider investing public. Firms that do this are coming under fire from regulators who fear that the growing number of individual do-it-yourself investors are getting shut out of the loop.
| See Also | |
| Roar of Little Guy Echoes on Street as SEC Plans Disclosure Changes |
The Securities and Exchange Commission is currently proposing rules designed to crack down on companies that fail to share material information as broadly as possible. And Bank One, some investors say, recently failed to do this.
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