Shattered Trust

Will the government's accountability plan restore investor confidence?

the company failed to disclose billions in off-balance-sheet loans to the company’s founders.

New York State officials accuse Merrill Lynch of giving biased stock-picking information which cost their clients millions of dollars. Over the next two months, Merrill Lynch stock would go on to lose 30% over the next three months, closing at 36.64 on July 11.

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