Proposed Rules on Research, Disclosure, Compensation

Here are some of the rules proposed to govern securities analysts’ conduct:

* Analysts would not be permitted to report to investment bankers at their brokerages.

* Analysts’ research would not be reviewed by investment bankers for anything other than factual accuracy.

* Analysts would have to disclose whether they or members of their family own a position in a stock the analyst covers.

* A brokerage would have to disclose whether the firm has received compensation in the last 12 months from companies its analysts follow.

* An analyst would have to disclose whether his firm expects to receive compensation within the next three months from a company the analyst follows.

* An analyst’s compensation could not be linked to specific investment banking transactions the analyst’s brokerage may manage for companies the analyst follows.

A Times Staff Writer