Categoria: Internacionais




Merrill Lynch

On May 21, Merrill Lynch agreed to pay $100 million to settle New York Attorney General Eliot Spitzer’s charges that the nation’s largest securities firm knowingly peddled Internet stocks to investors to generate lucrative investment banking fees. Internal memos written by Merrill’s fêted Internet analyst Henry Blodgett revealed that company analysts thought little of the Web stocks that they urged investors to buy. Merrill agreed to strengthen firewalls between its research and investment-banking divisions, ensuring advice given to investors is not influenced by efforts to win underwriting fees.

Data de publicação: 12/01/2003
Fonte/Autor: Reuters

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