Valeant: Wall Street Is At It Again

Valeant: Wall Street Is At It Again


An investor complaint in 2002 against a Merrill Lynch Internet analyst shined a spotlight on the lucrative relationships between analysts at Wall Street banks and their executive counterparts in investment banking. The complaint highlighted how analysts, who typically sounded like independent voices dispensing wisdom on the prospects of high risk internet start-up companies, were actually in cahoots with investment bankers.



from Biotech News