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Personal Finance > Investing
Analyst calls questioned
June 14, 2001: 2:08 p.m. ET

Congress wants to know why Wall St. analysts never warned investors to sell
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NEW YORK (CNNfn) - The markets may have stabilized, but $3.5 trillion of value has disappeared from investors pockets since March of last year and Congress wants to know why Wall Street analysts never warned investors to sell.

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Congressional investigations began Thursday into the way Wall Street analyst work and whether they are analyzing stocks or simply acting as cheerleaders for their investment banking counterparts.

CNNfn's Peter Viles takes a closer look at the objectivity of Wall Street analysts. graphic

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.