Types of Fraud
  Stock Newsletter Fraud
  Pump and Dump
  Top 10 Investor Scams
  Naked Shorts
  Fraud Report
  Fraud News & Stories
 Broker Fraud
  Unsuitability
  Churning
  Unauthorized Trades
  High-Pressure Sales
  Failure to place order
  Over concentration
  Other types of fraud
 Stock Fraud Links
  Websites
  Books
  Discussion Boards
 

 

 

  How the law works
  Find legal help

 

 Internet Stock Analyst Fraud

   Were you a victim of the Internet Stock Bubble? The Internet stock bubble was the result of widescale misinformation used to promote companies and conceal their flaws.

   On April 8, 2002, New York State Attorney General Eliot Spitzer announced that a ten-month investigation had revealed that Merrill Lynch's ``supposedly independent and objective investment advice was tainted and biased by the desire to aid Merrill Lynch's investment banking business.'' This resulted in a settlement of $100 million. Moreover, the SEC has initiated an investigation of Merrill Lynch.

In this case, a stockbroker or brokerage company gives faulty advice based on a conflict of interest. The New York State Attorney General is investigating Merrill Lynch. Below is a list of stocks the New York Attorney General alleges were publicly pushed by Merrill Lynch analysts, but privately disparaged.

If you have bought any of the following stocks and suffered significant loses, you should consider contacting an attorney to explore your legal rights and file as part of a nationwide class action lawsuit against Merrill Lynch :

Amazon.com (AMZN)
America Online (AOL)
Yahoo (YHOO)
Ebay (EBAY)
Double Click (DCLK)
Excite
Etoys
Barnes and Noble (BKS)
My Points
I Village
24/7 Media Quokka Sports

Pets.com
Infospace (INSP)
Exodus Communications
Inktomi (INKT)
Real Networks (REAL)
Internet Capital Group (ICGE)
Ariba (ARBA)
Vertical Net (VERT)
Aether System (AETH)
Lifeminders (LFMN)

 

 
 • Find legal help
Copyright Corporate Corruption & Fraud © 2006. All Rights Reserved