WorldCom & Salomon Smith Barney Suit Certified
WorldCom & Salomon Smith Barney Class Action Lawsuit. Parker & Waichman, LLP announces that it is now offering free case evaluations to all current and former WorldCom and MCI shareholders and employees (Pink Sheets: WCOEQ, MCWEQ, MCIAV). Current and former MCI and WorldCom shareholders and employees are encouraged … [Read more...] about WorldCom & Salomon Smith Barney Suit Certified
Salomon Smith Barney: Worst Offender, Top Fine
Salomon Smith Barney Settlement Between Regulators. Citigroup's Salomon Smith Barney unit was first among the worst, according to Monday's settlement between regulators and 10 investment banks. To settle charges stemming from allegations that it slanted research to support a voracious appetite for investment banking fees, Citigroup … [Read more...] about Salomon Smith Barney: Worst Offender, Top Fine
Commentary: How Bankers And Brokers Could Get Bruised
Punishments For Bankers And Brokers. Regulators slap a $5 million fine on Salomon Smith Barney, charging that its star analyst privately questioned a telecom stock he publicly boosted. Lawmakers grill J.P. Morgan Chase & Co. (JPM ) execs as to whether they helped Enron Corp. deceive investors. The Securities & Exchange Commission … [Read more...] about Commentary: How Bankers And Brokers Could Get Bruised
$5M Fine On Salomon
$5M Fine On Salomon Smith Barney. The National Association of Securities Dealers’ move to fine Salomon Smith Barney $5 million for misleading stock research is a ”good first step” but more disciplinary action is needed, New York Attorney General Eliot Spitzer said Monday. The warning came as Salomon agreed to settle NASD charges … [Read more...] about $5M Fine On Salomon
Documents: Salomon Let WorldCom Execs Into IPOs
WorldCom Execs Gains In Each Deals. Salomon Smith Barney handed over documents under subpoena Monday revealing that the brokerage gave WorldCom officers and directors shares in 39 companies Salomon helped take public since 1996. The documents given to the House Committee on Financial Services show that some WorldCom executives … [Read more...] about Documents: Salomon Let WorldCom Execs Into IPOs
