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 : |