start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)


This is like Dr. Evil demanding one million dollars in an Austin Powers movie

Good ol pal Setty sends in this link:

A Securities and Exchange Commission (SEC) investigation found that Grom certified that his March 29, 2012 research report about discount retailer Big Lots accurately reflected his own beliefs about the company and its securities.
But in private communications with Deutsche Bank research and sales personnel, Grom indicated that he didn’t downgrade Big Lots from a “buy” recommendation in his report because he wanted to maintain his relationship with Big Lots management.
Grom agreed to settle the charges by paying a $100,000 penalty, and he will be suspended from the securities industry for a year. continues here

After the judgment was handed down, Grom was heard asking the judge "Cash or cheque?" and "I don't have that on me right now, will tomorrow do?".