About a year ago a little known research house called Iceberg declared that commodities trader Noble Group should be worth next to nothing because of shady accounting practices. Noble's share price today affirms that call. We explore the role of such independent research houses.

<p>About a year ago a little known research house called Iceberg declared that commodities trader Noble Group should be worth next to nothing because of shady accounting practices. Noble's share price today affirms that call. We explore the role of such independent research houses.</p>

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