The 2003 global analyst research settlement prohibited research analysts from participating in investment-banking 'road shows' and from soliciting investment-banking business.
Notes on verification
Confirmed by multiple independent sources including SEC Chairman's congressional testimony, legal firm analyses (Cooley, WilmerHale), and Wikipedia summary, all consistent on the substance of the settlement's restrictions on analyst participation in road shows and solicitation of investment banking business. [cascade flags: wikipedia_dropped_other_sources_exist | tier=silver indep_score=0.875 clusters=2 claim_tier=notable]
Sources
- Speech by SEC Chairman: Prepared for Delivery at SEC Press Conference Regarding Global Settlement (seed:economics_and_business)
- https://fcic-static.law.stanford.edu/cdn_media/fcic-docs/2003-05-07%20William%20H.%20Donaldson%20Testimony%20Concerning%20Global%20Research%20Analyst%20Settlement.pdf (corroboration)
- https://www.cooley.com/news/insight/2010/modifications-to-global-research-analyst-settlement (corroboration)