Many of the cases charge the firms with causing the losses by plying biased stock research.
In December Salomon and other big Wall Street brokerages settled the regulatory investigation into tainted stock research.
Boy Scouts already can earn a "Personal Management" badge by completing activities such as stock research and shopping comparisons.
It isn't merely a case of short-sellers being more on the ball than stock research analysts, the George Mason professors say.
In 2001, Zamansky successfully sued former Merrill Lynch analyst Henry Blodget on behalf of a pediatrician misled by Blodget's stock research.
Too many stopped providing objective stock research to investors long ago, instead spending the bulk of their time helping woo investment-banking business.
Ask yourself: what is a sensible business model for supporting stock research?
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In depth homespun stock research and smart stock picking helped him score huge profits in 2009 after a 40% plus loss in 2008.
The smoking gun--or guns--are apparently e-mails showing that CSFB investment bankers touted biased stock research as a marketing edge in drumming up new clients.
"A few chosen companies go from small-cap to large-cap in a nanosecond, " says Michael Moe, director of global growth stock research at Merrill Lynch.
Alas, your Daily Reckoning stock research department seems to have erred.
Great links: markets, travel information, stock research, laws and regulations.
Citigroup, along with other large investment banking firms such as Merrill Lynch and Credit Suisse First Boston, has been held up to scrutiny over its stock research this year.
It is designed to force Wall Street to produce honest stock research and to protect analysts from pressure within the firm to issue upbeat forecasts in order to attract investment banking fees.
Marc is a value stock research whiz and his newsletter seeks out micro-cap stocks that you can rely on, rather than the risky speculative ones that trade on hype and hope.
In the first scheme, a UBS Securities executive is accused of tipping off two traders to upcoming UBS stock research upgrades and downgrades, sharing the profits of trading on that nonpublic material information.
While scrutiny over biased stock research a few years ago may have been a scourge to stockbrokers whose business depends on client trust, the growing apprehension over corporate pensions has been a godsend.
Individual stock research has begun to pay-off again.
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But in the narrower atrial fibrillation market, which is where Pradaxa is already approved, it is being used 16% of the time, says Mark Schoenebaum, a health care analyst at stock research firm ISI Group.
All three banks are already in plenty of hot water thanks to issues spanning from allegedly corrupt stock research to "spinning" hot initial public offering shares to investment banking clients in a quid pro quo to land more business from them.
Family-controlled enterprises also are often collections of companies and pursuits that are too Byzantine for most stock-research firms to decipher.
The lesson here is only that the difficulties of settling on a sustainable stock-research business model are one of many reasons you might want to be wary of banking as a sector just now.
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Marc Gerstein is editor of Forbes Low Priced Stock Report and research director at Portfolio123 and author of Screening the Market (Wiley, 2002).
Investors still seem to believe there is more value in the stock than in Research in Motion, which has seen multiples drop to just 3-times trailing earnings while Earthlink is trading at around 21x despite net profit margins in the third quarter of just over 2%.
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Among other factors, the stock has come under pressure from new that Bernstein Research launched coverage of the stock with an Underperform rating.
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Marketocracy and Foliofn take care of account administration and trading, and stock pickers like Rees research and trade stocks for their online Marketocracy portfolios.
Of men who reported buying a stock without doing any research, 63% said they did it again, whereas only 47% of women repeated the mistake.
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In May, the NASD, the regulatory body overseeing the Nasdaq stock market, withdrew its charges against Quattrone that were related to initial public stock offering allocations and research supervision.
That period also corresponded to the run-up before analysts published their first research on the stock.
To make matters worse, Sanford C Bernstein Research downgraded the stock to market perform, which has weighed on sentiment.
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