Merrill Lynch to settle case for €108.2m

Merrill Lynch will pay a 100 million dollar (€108.2m) fine to settle charges that its analysts misled investors.

Merrill Lynch to settle case for €108.2m
Wed, 22 May, 2002 - 11:58

Merrill Lynch will pay a 100 million dollar (€108.2m) fine to settle charges that its analysts misled investors.

Analysts were accused of touting shares in companies so the firm would win highly profitable investment banking contracts from the same companies.

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