pecifically Blodget's research group, responded to undue pressure form the investment banking department, which in turn resulted in the publication of misleading research reports provided to investors and potential investors.
Spitzer (2002) charged that under Blodget, this research group did not use its five-category stock rating system as Merrill Lynch policy dictated. This five point scale ranks a stock from 1 or "buy" to 5 or "sell." Blodget's group only used ratings 1
Merrill Lynch, Henry Blodget, and Market Ethics. (1969, December 31). In LotsofEssays.com. Retrieved 08:37, May 21, 2024, from https://www.lotsofessays.com/viewpaper/1694795.html
Lots of Essays. "Merrill Lynch, Henry Blodget, and Market Ethics." LotsofEssays.com. LotsofEssays.com, (December 31, 1969). Web. 21 May. 2024.
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