The investment bank has confirmed that it will separate the compensation of equity analysts from investment banking and create a 'robust' research review committee.
Salomon's decision follows quick on the heels of the Merrill settlement and the announcement of similar measures by Goldman Sachs.
The investment bank has now confirmed that it will basically adopt the same standards and measures to which Merrill had agreed to with Spitzer.
Salomon To Change Research Procedures
Salomon Smith Barney is the latest firm to confirm that it is to change its research practices following the recent agreement between Merrill Lynch and New York state attorney general Eliot Spitzer.
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