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
FLAG Telecom Holdings, Ltd.
Level 3 Communication, Inc.
Metromedia Fibre Network International
Williams Communication Group
XO Communications Group
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.
- Securities & Investment Fraud