Who is salomon smith barney

Retail brokerage , investment banking , and wealth management services. Become a sponsor ». New York Post. New York Times. New York Times Dealbook. Navigation menu Personal tools Log in. Namespaces Page Discussion. Smith Barney settled with regulators of the securities industry in April of More Contact Info. Salomon Smith Barney.

Client Bias It is standard procedure for investment bankers to create the best deals possible for their clients and potential clients, especially since corporate investment banking is a huge source of company revenue. Initial Public Offering The term 'initial public offering,' refers to the first time shares of a company are made available to investors.

A proxy solicitor seeks out the votes of proxy shareholders in order to move forward approval for a corporate purchase, merger, or other large agreement. Grubman rated WorldCom highly until March of WorldCom's fraud was uncovered in June of the same year, and it went bankrupt in July.

Grubman attended three WorldCom board meetings and had a friendly relationship with Ebbers. An e-mail was written by Grubman on March 12, to Ebbers, informing him that WorldCom was being removed from the recommended list by Smith Barney's equity strategist.

He wrote, "This is our strategist, not us. The check arrived the same day Grubman was subpoenaed to witness in the WorldCom trial. None of these activities were illegal or hidden, but collectively they rose skepticism over the legitimacy of Grubman and Smith Barney's claim that they did not advise and act in favor of WorldCom out of a conflict of interest. Phone Number. Your Money. Personal Finance. Your Practice. Popular Courses. Business Company Profiles. What Was Salomon Brothers? The bank was founded by brothers Arthur, Herbert, and Percy Salomon in It was best known for its fixed-income trading department and also created the first mortgage-backed security in the s.

The company went through a series of acquisitions and mergers and was known by different names before merging with Citigroup.

Salomon Brothers was embroiled in a series of scandals including one involving Treasury bonds. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Liar's Poker Definition Liar's Poker is a game associated with Wall Street traders who use statistical reasoning and behavioral psychology tactics to gamble.

It's also the name of a best-selling financial book. Treasury, between and Enron Enron was a U. What Is Venture Capital? Venture capital is money, technical, or managerial expertise provided by investors to startup firms with long-term growth potential. Partner Links.