PAUL HOLMES: The NYSE-NASD proposal is designed to help repair reputations, not skirt the Constitution

The NYSE and the National Association of Securities Dealers (which operates the Nasdaq) have sent to the SEC a proposed regulation that would require analysts from member firms to disclose any potential conflict of interest of the kind that has tainted the reputation of the securities industry over the past 12 months. So far, so good.

by PAUL HOLMES

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