Citigroup's Brokerage Unit Is Fined by Stock Exchange

Article Abstract:

The New York Stock Exchange fined Salomon Smith Barney $1 million for being lax in supervision of brokers who were providing clients with bad advice about WorldCom stock. The action was brought by former WorldCom employees who lost all the value in their stock option plans ?when the company went bankrupt.

COMMUNICATION, Security and Commodity Services, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Discipline, Securities industry, WCOM, Salomon Smith Barney Holdings Inc., New York Stock Exchange Inc., Citigroup Inc., C

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Alltel Is Said To Be Suitor For Carrier In Northwest

Article Abstract:

In a move that reflects growing industry confidence and consolidation, wireless carrier Alltel Corp. is currently in advanced negotiations to buy Western Wireless Corp.

Acquisitions & mergers, Economic aspects, Mergers, acquisitions and divestments, Company acquisition/merger, ALLTEL Corp., Western Wireless Corp., AT

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Morgan Accord Over WorldCom Costs $2 Billion

Article Abstract:

J.P. Morgan Chase has agreed to pay $2 billion to settle an investor lawsuit regarding money-losing WorldCom shares.

Commercial Banks, Legal issues & crime, Contracts & orders received, Legal/Government Regulation, Contracts & orders let, Banking industry, Company legal issue, Cases, Contracts, Contract agreement, Investor relations, JPM, JPMorgan Chase & Co., MCIP, Hevesi, Alan

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