Fuming over stories of drugs, prostitutes and so-called "party dwarves" charged as corporate giveaways for Fidelity traders, NASD and the New York Stock Exchange  announced new rules governing gift giving, according to Primedia Insight.

The proposed rules, designed jointly by the NASD and the NYSE Regulation Division, follow an investigation by the U.S. Attorney's Office in Boston and highlight industry concerns that lavish gifts may unduly influence fund managers at the expense of shareholders' interests. The proposed rule is open for comment until Feb. 23.

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