Sending Signals to Wall Street

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Marketwatch's David Weidner argues that leaky-Chinese-Wall poster boy Frank Quattrone's third trial is beside the point because the government isn't going after Quattrone for "possibility that Quattrone accepted what amounted to bribes for allotments of IPO shares":

Proponents of a third trial say a conviction on the obstruction charge will send a powerful message to Wall Street. If so, what's the message? Don't accept kickbacks for hot IPOs? Don't obstruct justice?

Wait. We thought the message was "don't use email." We're confused...
Frankly, it's about the IPOs [CBS Marketwatch]

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