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One Alkah Singh, minerals analyst at Rodman & Renshaw, blazes new trails in sell-side chutzpah:
The complaint said Ms. Singh was upset that a Canadian mineral exploration company that was not otherwise identified had raised $25 million in a July 2010 private placement in which Rodman did not participate despite the fact she had recommended the stock the previous month.
In an e-mail to the chief executive of that company after the offering, she solicited a payment, saying that if the company was not willing to use Rodman as an underwriter, it could pay a consulting fee to her, “so that the analyst can at least get something for their effort.” [Emph. added]
Even Jack Grubman never resorted to direct billing. . . .Where’s Eliot Spitzer when you need him?
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