IT IS not every day that someone decides to take on all of Wall Street so when New York State Attorney General Eliot Spitzer announced he was investigating the research practices of Merrill Lynch & Co. and other securities firms, many people wondered how far he could go.
May 08, 2002 at 12:00 AM
1 minute read
IT IS not every day that someone decides to take on all of Wall Street so when New York State Attorney General Eliot Spitzer announced he was investigating the research practices of Merrill Lynch & Co. and other securities firms, many people wondered how far he could go.
The answer, experts say, is pretty much as far as he wants, thanks in large part to New York’s Martin Act, considered the toughest securities law in the country.
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