Federal and securities industry investigations into Wall Street's practices for allocating shares in hot IPOs show that stronger rules are needed

ISSUE FIX

Investors have to pay Ban the practice by re- higher commissions on writing general securities future business to secure rules to apply specifically IPO shares to IPOs

Wall Street firms play Compel disclosure of favorites in doling out how shares are allocated allocations of IPO shares --and who gets them

Underwriters require those Make SEC guidelines ad- getting IPO shares to buy vising against the more in the market to practice into full-blown boost prices rules

Data: BusinessWeek

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