Page Perry

Sell recommendations by investment analysts working on Wall Street are still a rarity years after regulators and Congress imposed rules to clean up analyst fraud, and years after FINRA banned Jack Grubman of Citigroup and others who issued buy recommendations on technology stocks they privately considered to be “pigs,” in order to reap personal financial rewards for generating more lucrative investment banking business for their firms(“Analysis: Research “sell” notes decline as conflicts persist,” Reuters).