Since the resignation of Jack Grubman, a telecommunications analyst accused of breaching his fiduciary duty by giving favorable ratings to questionable stocks, Salomon Smith Barney has been under close watch by security industry regulators. Stocks that Jack Grubman has been accused of inflating include the following:
Adelphia Business Solutions
Enron
FLAG Telecom Holdings, Ltd.
Focal Communications
Global Crossing
Level 3 Communication, Inc.
McLeodUSA, Inc.
Metromedia Fibre Network International
Williams Communication Group
Winstar Communications
WorldCom
XO Communications Group
Quokka Sports
24/7 Media
Webvan
If you have been victimized by securities fraud because of a Salomon Smith Barney analyst, it may be important to
contact an attorney who can help you protect your legal rights. Please keep in mind that there may be
time limits within which you must commence suit.
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See Also
- Securities & Investment Fraud