Salomon Smith Barney stock fraud accusations are based in findings that stock analysts mislead investors about stocks’ performance. Investigators claim Salomon Smith Barney stock fraud aided the subsidiary of Citigroup in retaining investment banking clients, who relied upon Salomon Smith Barney stock fraud to keep stock prices from falling. Key analysts whose opinions were respected participated in the Salomon Smith Barney stock fraud, giving favorable reviews to clients’ stocks, rather than actually analyzing them.

Specific cases where Salomon Smith Barney stock fraud potentially played a key role include their relations with Worldcom, formerly a powerhouse in telecommunications. Salomon Smith Barney stock fraud is suspected to include IPO stock offerings to key Worldcom executives, with the commission of Salomon Smith Barney stock fraud ensuring that Worldcom would make quick financial gains in exchange for future company deals. Other Salomon Smith Barney stock frauds include the influencing investors to make bad investments in client companies. The investigation of Salomon Smith Barney stock fraud has already changed the way stocks are brokered on Wall Street , and individuals harmed by Salomon Smith Barney stock fraud should contact an attorney to discuss the potential financial recovery.

Salomon Smith Barney Fraud Claim

News just got worse for Salomon Smith Barney. Following the record settling $1.4 billion global settlement in April 2003, Salomon Smith Barney stock Fraud Claims were filed. Now, Salomon Smith Barney stock Fraud Claims are underway and now Salomon’s parent company, Citibank is one of two banking firms to be named in a lawsuit seeking $500 million.

Salomon Smith Barney was one of three investment firms to settle a fraud case following the global settlement agreement for giving biased stock advice. Investors felt victimized and filed Salomon Smith Barney stock Fraud Claims in hopes of recovering lost investments. Jack Grubman, a former star analyst for Salomon Smith Barney, was charged with issuing fraudulent research reports and paid $15 million to settle it. The involvement that one of the largest U.S. investment firms has had in fraudulent practices has been responsible for a loss of investor confidence and Salomon Smith Barney stock Fraud Claims.

Contact us to confer with a Salomon Smith Barney fraud attorney .