Which of the following statements about the New York Stock Exchange's rules in regard to analysts' conflicts of interest is false?
A) The rules prohibit a securities firm from offering favorable research to a company in order to induce the company to use the securities firm's investment banking service.
B) The rules do not explicitly address whether an analyst's compensation may be tied to a specific investment banking services transaction.
C) The rules increase analyst independence by prohibiting investment banking personnel from supervising analysts or approving research reports.
D) The rules are substantially similar to the SEC's Regulation AC.
Correct Answer:
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