Since may day 1975, when 180 years of fixed brokerage commissions ended on Wall Street, prognosticators have insisted that sell-side equity research's days are numbered. From criticism of research paid for with soft dollars to former New York attorney general Eliot Spitzer's campaign over conflicts of interest to threats from unbundling payments, passive investing and, this year, lurching markets and political and economic issues, doom-and-gloomers sawthe relationship between sell-side research and buy-side investing as imperiled.
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