Smith Barney

Salomon Smith Barney, and its star analyst Jack Grubman, have been among the hardest hit by Attorney General Eliot Spitzer's probe into the financial services industry. Forced to pay close to $400 million of the $1.4 billion monumental settlement, Smith Barney still hasn't reformed its ways. Read on to find the current scandals involving this beleaguered investment bank.

Mutual Fund Scandal

Scandal may hurt 401(k)s: Smith Barney has fired four traders involved in the mutual fund scandal currently plaguing wall street, and this may affect your 401(k)

Chronology of probe: Smith Barney's firing of a trader involved in after-hours trading tipped off federal and state regulators

Learning to trust brokers: How the current funds scandal will affect investor relations in the future

Effects of the scandal: Why Eliot Spitzer's probe into the mutual funds industry doesn't really matter to investors

WorldCom Fallout

Smith Barney and Bernie Ebbers: An explanation of how Smith Barney analyst Jack Grubman and WorldCom CEO Bernie Ebbers were complicit in fraud

Investors fight back: Investors who lost everything because of Smith Barney's involvement in the WorldCom scandal are suing to get their money back

Smith Barney fined: The NYSE fined Smith Barney for failing to supervise employees involved in in the WorldCom bankruptcy

The Grubman e-mails: Read the correspondence that linked analyst Jack Grubman and WorldCom

More Scandals

Settlement terms: How and why Smith Barney and Citibank have to pay $400 million as a result of Eliot Spitzer's scrutiny

Smith Barney and Freddie Mac: Investigators are looking into the relationship between the firms and if illegal deals occurred

Enron suit: Enron is suing Smith Barney for over $18 million for fees paid before it gained bankruptcy protection in 2001