New York State Attorney General Eliot Spitzer has accused Merrill Lynch analysts of working with investment bankers to boost stocks in an effort to gain underwriting and banking business. Analysts, however, privately ridiculed the stocks, proof of which Spitzer discovered through numerous company Emails. The following "hot stocks" were given favorable ratings by analysts while secretly being derided:
Internet Capital Group
If you have been victimized by securities fraud because of a Merrill Lynch analyst, it may be important to contact an attorney
who can help you protect your legal rights. Please keep in mind that there may be time limits
within which you must commence suit.
- Securities & Investment Fraud