ERHC Energy Inc (ERHE)

[Krombacher]

Analysts have access to the company, its CEO and even material non-public information. However, they are prohibited from sharing that info to the public or the traders in investment banks unless they do it all at the same time, i.e. via PR wires or analyst report issuances.

That's the reason that investment banks have "China Walls" between research analysts and investment bankers and traders...

An investment banker might very well know and be the one hired to do a bond issuance or provide a loan or whatever to a company...that's insider info not allowed to be traded upon or disclosed...so yes, investment bankers and analysts often have such information...but they follow (or are supposed to follow) the proper protocols to protect that information until it is ready to be disseminated.

Krombacher