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U.S. Scrutiny of Research May Have Reprisals For Electronic Distributors

At 01 Nov 2002 13:28:16 in MDI-Market Research, Market Data Insight    Print Article  Email Article   Full content requires subscription 

Yowzer!When New York Attorney General Eliot Spitzer blasted a shot across the bows of the major Wall Street investment banks, challenging them to shape up their research conflicts of interest or ship out, it wasn’t only the banks that were alarmed. Spitzer, a pit bull who makes the prosecutorial Rudy Giuliani look like a Jack Russell Terrier, means business. And so the Big Wall Street Firms took notice when he told their lawyers that he was willing to “dig through e-mails for the next five years” to uncover evidence of wrongdoing in research unless they support his efforts to reform the business.



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