He deserves it
Securities regulators have advised Henry Blodget, the former Internet stock analyst at Merrill Lynch, that he will probably be sued for fraud and other violations of securities regulations, according to someone involved in the investigation and a lawyer who has been briefed on it.
Mr. Blodget received the notice alerting him to possible action by NASD, the nation's largest securities regulator, in the final weeks of 2002, these people said. The activities that regulators have identified as questionable relate to Mr. Blodget's public support of companies that he was deriding in e-mail messages to associates at Merrill Lynch. In addition, these people said, regulators will argue that Mr. Blodget's research reports were inappropriately influenced by Merrill Lynch's investment bankers.
- New York Times
Securities regulators have advised Henry Blodget, the former Internet stock analyst at Merrill Lynch, that he will probably be sued for fraud and other violations of securities regulations, according to someone involved in the investigation and a lawyer who has been briefed on it.
Mr. Blodget received the notice alerting him to possible action by NASD, the nation's largest securities regulator, in the final weeks of 2002, these people said. The activities that regulators have identified as questionable relate to Mr. Blodget's public support of companies that he was deriding in e-mail messages to associates at Merrill Lynch. In addition, these people said, regulators will argue that Mr. Blodget's research reports were inappropriately influenced by Merrill Lynch's investment bankers.
- New York Times