Exact(11)
When it released the documents Monday, Salomon said it was industry practice to give its best customers the largest allocations of initial public offerings.
During the technology stock boom, Wit received allocations of initial offerings underwritten by bigger firms but never enough to satisfy the demands of investors.
In his testimony before Congress last month, Mr. Grubman said he could not recall whether WorldCom executives received allocations of initial offerings.
The Goldman Sachs Group and Credit Suisse First Boston are being investigated by the House Financial Services Committee, which is widening its inquiry into conflicts of interest in allocations of initial share offerings at securities firms.
Inquiry Goldman Sachs and Credit Suisse First Boston are being investigated by the House Financial Services Committee, which is widening its inquiry into conflicts of interest in allocations of initial share offerings at securities firms.
Problems include congressional investigations into its role in the Enron and WorldCom affairs, and a widening of regulatory probes into allocations of initial public offerings by a subsidiary, Salomon Smith Barney.
Similar(48)
Take the decision to let the market determine the allocation of initial teacher training places.
After issuing a subpoena to Salomon Smith Barney regarding its allocation of initial offerings to executives of WorldCom, Congressional investigators are requesting information about allocations from Goldman ,Sachs and Credit Suisse First Boston.
These involve the corrupt allocation of initial public offering shares and the hyping of stocks by analysts to please banking clients.
It was not clear yesterday whether securities regulators planned to impose any new rules on the allocation of initial public offerings.
As America's biggest buyer of shares, Fidelity receives by far the largest allocation of initial public offerings.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com