Wednesday, April 10, 2002

Wall Street's Brand Name Boiler Rooms

New York State Attorney General Eliot Spitzer is widening his investigation into the "play for pay" scandal at some of Wall Street's leading finanical services institutions. According to The Financial Times, "(Mr.) Spitzer is understood to have ordered several investment banks, including Credit Suisse First Boston and Morgan Stanley, to disclose documents that could reveal possible conflicts of interest between analysts and investment bankers." You can read the rest of this by clicking here. Yesterday, I posted an item about Merrill Lynch's sleazy conduct in this regard, which you can read by scrolling down.