In December, the Wall Street Journal reported that the New York State Attorney General’s office is investigating possible conflicts of interest in securities analysts’ stock recommendations.[1]� One focus of the investigation, apparently, is Henry Blodget, the former internet-stock analyst for Merrill Lynch.[2]�
According to the Journal, at issue for state investigators is whether the analyst or Merrill are criminally or civilly liable for securities fraud under New York’s Martin Act based on some of his stock recommendations.
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