A federal appeals court in New York has put on hold a ban on financial news service Theflyonthewall.com from quickly reporting “hot news” about analyst research from three Wall Street banks. The ruling by the U.S. Second Circuit Court of Appeals is a defeat for Bank of America’s (BAC) Merrill Lynch unit, Barclays (BCS) and Morgan Stanley (MS).
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!