Securities Trading Investigation

The subcommittee heard testimony on reports of government securities trading violations by the financial firm Salomon Brothers. The… read more

The subcommittee heard testimony on reports of government securities trading violations by the financial firm Salomon Brothers. The witnesses testified on a report submitted to the subcommittee on the conduct of Salomon Brothers concerning the illegal trading, which indicated the firm’s top management knew of the illegal trading but only publicly disclosed the fact after the government sent them a threatening letter. The report detailed the illegal practices conducted by Salomon Brothers' employees in the practice of securities trading, which violated several federal regulations concerning financial transactions. The chairman of Salomon Brothers, Mr. Buffett, apologized to the subcommittee for “the actions that brought us here.” close

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Securities Trading Investigation

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Program ID:
21029-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Sep 4, 1991
Last Aired:
Sep 8, 1991

Airing Details

  • Sep 04, 1991 | 12:00pm EDT | C-SPAN 1
  • Sep 04, 1991 | 8:15pm EDT | C-SPAN 2
  • Sep 05, 1991 | 2:10am EDT | C-SPAN 1
  • Sep 07, 1991 | 10:30pm EDT | C-SPAN 1
  • Sep 08, 1991 | 1:10pm EDT | C-SPAN 2
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