Eliot Spitzer: "Stay Tuned"

The aggressive New York AG who hit Merrill with a $100 million fine and is now probing Citigroup talks about modern banking's conflicts

New York State Attorney General Eliot Spitzer took investment bank Merrill Lynch to task earlier this year for positive research reports on companies that analysts reviled in private. The investigation resulted in a hardly crippling $100 million fine, but it has sparked a push for industrywide reform.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.