Salomon Brothers' August 1991 admission of improprieties in government securities trading led shortly afterward to the resignation of the firm's senior management.
Notes on verification
Well-documented by contemporaneous NYT reporting and Federal Reserve History archives; corroborated by multiple independent sources with consistent timeline of disclosure and executive resignations.
Sources
- Chapter 16 Government Securities Market Regulation: The Case of ... (elibrary.imf.org)
- https://www.nytimes.com/1991/08/19/business/salomon-brothers-scandal.html (nytimes.com)
- https://www.federalreservehistory.org/essays/salomon-brothers-scandal (federalreservehistory.org)