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New Skirmish in an Old Battle: Wall Street vs. the Customer

A corrosive custom forced on investors is finally getting the ax under new regulations in Europe. Too bad some on Wall Street are working overtime to ensure that United States investors don’t get the same deal.

The rule change governs how investors pay for brokerage-firm research. 

JPMorgan Plans to Charge $10,000 for Entry-Level Equity Research

JPMorgan Chase & Co. is proposing to charge as little as $10,000 a year for equity research, the lowest price to emerge so far, as the Wall Street giant seeks to grab market share when a European ban on free analysis for clients is imposed, two people with knowledge of the matter said.

Wall Street Journal -- Best on the Street Stock Analysts

The Best on the Street survey identifies the top five analysts in each of 44 sectors, based on the analysts' stock-picking skill in 2009.

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During a year of sustained growth for the commercial-aerospace business and a time of uncertainty for the defense industry, Stephen Levenson largely focused on companies without a lot of name recognition.

That focus paid off, helping Mr. Levenson earn the No. 1 spot in the Best on the Street survey for the aerospace and defense sector.

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