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Banks change rules to deflect a criticism of tainted research

Allegations about lack of objectivity are encouraging the trend among leading fund managers to build up their in-house research facilities

Brokers have been in the firing line for their alleged lack of objectivity this year and a number of institutions have been quick to take steps to be seen correcting perceptions.

Most of the furore has been in the US, where books such as The Pied Piper of Wall Street: How Analysts Sell You Down The River by Benjamin Mark Coles are being marketed as 'a riveting exposé' of selling investors short.

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