There is a massive conflict of interest in these companies. They own shares, they “provide” investment vehicles in the underlying asset and at the same time they advise customers. Blackrock bring the sheep, sorry the short sellers, MS releases a report and at the same time they buy their own stock to push the price. Unfortunately this is “legal”. It should be considered market manipulation but obviously ASIC will never touch these guys.
APT Price at posting:
$149.00 Sentiment: Buy Disclosure: Held