Regulators Prepare Action Against Analyst
From Associated Press
Regulators are preparing to take action against former Merrill Lynch star analyst Henry Blodget, a source familiar with the plans said. The NASD, formerly known as the National Assn. of Securities Dealers, along with other regulators, has been investigating Blodget and other analysts accused of misleading investors by touting stocks they privately derided, in order to help their firms win investment banking business.
