Firm Is Ordered To Close
A Mutual Fund Firm Is Being Investigated. Federal regulators yesterday carried out their first act of capital punishment as part of the widening mutual fund investigation, ordering the Security Trust Co. out of business. The tough action came as New York Attorney General Eliot Spitzer filed felony charges against three former … [Read more...]
Firm To Pay Fine Of $5M Over Grubman’s Actions
Controversial Grubman's Actions. Salomon Smith Barney agreed to pay a $5 million fine Monday to settle charges it issued misleading research reports from controversial analyst Jack Grubman. The penalty was levied against the Citigroup Inc. investment banking division by the National Association of Securities Dealers. In a … [Read more...]
