Investigations by New York's attorney general have placed Merrill Lynch in the spotlight regarding dubious investment recommendations and serious conflicts of interest. But, as Kevin Keogh and Colin Diamond found, the bank is far from alone
The recent Wall Street firestorm over claims of conflicts of interest on the part of securities analysts working for investment banks was ignited by the rupture of the tech bubble in March 2000 and the collapse in the price of US technology stocks. The flames were then fuelled by the attorney general of New York state, Eliot Spitzer, asserting the long-established US principle that someone must pay for losses of such magnitude.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651