Merrill Lynch & Co., for one, says it is not. This week, the brokerage forbade its analysts from holding stocks that they recommend to avoid the appearance of conflict of interest. CBS News Correspondent Russ Mitchell spoke to a former analyst and to an unsuspecting client who believed false assessments.
Also this week, the Association for Investment Management and Research (AIMR) released an issues paper that recommends way to encourage more objective securities research. AIMR is a worldwide group that represents financial analysts.
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