Blame It On The Street
Wall Street Firms Conflict Of Interest. I am changing my mind about the stock market bubble. Until recently I was in the camp that said we were all to blame for the market's remarkable rise and fall. We all bought the Internet story; we were all going to be rich; we all lost sight of reality. I still say we all have to accept … [Read more...] about Blame It On The Street
SEC Launches Probe Of Analysts
The SEC Launches Probe Of Analysts. The Securities and Exchange Commission is launching a formal inquiry into potential conflicts of interest between stock analysts and investment banks, the regulatory agency announced Thursday. The SEC investigation will examine if securities firms such as Merrill Lynch & Co.'s and … [Read more...] about SEC Launches Probe Of Analysts
Can This Man Make Wall Street Behave?
Wall Street Analysts Are In Cahoots. Remember the Chinese Wall? Well, if anyone doubted that Wall Street analysts are in cahoots with their firms' investment bankers, read this: Excite@home is "such a piece of crap." As for GoTo.com: "Nothing interesting about this company except investment-banking fees." These are just two of the … [Read more...] about Can This Man Make Wall Street Behave?
Why Merrill Lynch Is Bullish
Merrill Lynch Misleading Stock Ratings. The company's analysts issued misleading stock ratings to lure business. No one was more bullish on the dot.com stocks than Merrill Lynch. Even when less-sophisticated market-watchers started wondering whether the Internet company stocks were dangerously overpriced, the famed Wall Street … [Read more...] about Why Merrill Lynch Is Bullish
Wall Street Analysts Probe Widens
Wall Street Analysts Probe. New York Attorney General Eliot Spitzer has widened the investigation into a number of Wall Street analysts. He has now ordered several top investment firms to hand over documents that could reveal conflicts of interest between analysts and investment bankers. The Financial Times named Morgan Stanley … [Read more...] about Wall Street Analysts Probe Widens
MORE PERIL FOR MERRILL
Lawsuits Filed Against Merrill Lynch. Plaintiffs’ lawyers must be salivating. A lawsuit filed this week by the New York State Attorney General against Merrill Lynch & Co. has opened the door to claims by thousands of customers who relied upon the advice of the Merrill Lynch analysts. The court action was initiated after a … [Read more...] about MORE PERIL FOR MERRILL