Since 2002, when research was formally separated from investment banking, the quality of research on Wall Street has deteriorated, and many top analysts have left the business.
Chris F. Masse August 12th, 2008
- Banks are no longer allowed to pay their analysts from any revenue derived from investment banking, only from trading operations.
- An investment banker can’t call a research analyst at the same firm without a lawyer chaperoning the conversation.
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Good parallel is drawn, in the article, with journalism.
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- Finance , Journalism & Prediction Market Journalism
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