Salomon Smith Barney subpoenaed over WorldCom

Salomon Smith Barney (SSB) received a subpoena from Senator Michael Oxley, chairman of the US House Financial Services Committee, demanding that the bank produce documents related to its relationship with WorldCom.

Senator Oxley and other committee members are anxious to find out whether SSB sold "hot" shares from initial public offerings to board members at WorldCom.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire