Trying to Build a Wall on Wall Street
Here's some good news for investors: The war on bad Wall Street research is picking up steam. New York State Attorney General Eliot Spitzer has convinced Merrill Lynch and securities industry regulators that they must do more to clean up stock analysts' acts. As a result, America's No. 1 brokerage plans to go substantially beyond rules drafted by the National Association of Securities Dealers and the New York Stock Exchange to rein in its analysts.
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