Analysts Exposed- Jamie Kiggen (DLJ) Message Board

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Pastimes : Analysts Exposed- Jamie Kiggen (DLJ)

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To: Brasco One who started this subject	4/10/2002 7:10:30 AM
From: Julius Wong	of 263

NY AG Confirms Court Order Vs Merrill In Analyst Probe Dow Jones Newswires By Colleen DeBaise Of Dow Jones Newswires NEW YORK -- New York State Attorney General Eliot Spitzer confirmed that he obtained a court order requiring Merrill Lynch to overhaul the way its analysts issue stock ratings on corporate clients. Spitzer said "dramatic and troubling" evidence showed that Merrill's supposedly objective independent advice was tainted by a desire to aid the firm's investment-banking business. "Research was openly used as a sales hook for investment-banking business," he said. "Public assessment of stocks was often false." No further information is available at this time. ... ... ... ...

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