Fraud crackdowns spur investor confidence - WALB.com, Albany News, Weather, Sports

Fraud crackdowns spur investor confidence

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Albany -- South Georgia stock brokers say investors are more confident as company heads continue to be convicted of fraud.

Tuesday a New York jury convicted former WorldCom C.E.O. Bernard Ebbers in the largest corporate fraud trial in history. Ebbers could face 85 years in prison for the multi-billion dollar rip off.

A.G.Edwards financial consultant Vic Sullivan says stock holders can be confident their companies are better regulated. Sullivan said "We are seeing some definite improvements, and that clearly will help investor sentiment. And the stock market has gone up a lot since all this put in place, too."

 Sullivan says companies are having to spend more money to meet regulatory requirements, but investors can be confident that investment information is legit.

posted by jimw@walb.com