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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (60503)	10/13/2000 3:46:30 PM
From: sommovigo	Read Replies (1) \| Respond to of 122088

A@P - does that make it a HAND job?

To: Anthony@Pacific who wrote (60503)	10/13/2000 6:17:17 PM
From: StockDung	Read Replies (2) \| Respond to of 122088

Salomon Smith Barney Ex-Analyst Charged With Inside Trading Washington, Oct. 13 (Bloomberg) -- A former Salomon Smith Barney Inc. investment-banking analyst was charged with criminal and civil fraud for allegedly trading on inside information about mergers and acquisitions. Michael A. Petrescu-Comnene, a Canadian citizen who worked in the New York offices of Citigroup Inc.'s Salomon Smith Barney, tipped friends on eight Salomon deals, the Securities and Exchange Commission alleged in a civil complaint filed in New York federal court. The U.S. attorney's office in New York charged Petrescu- Comnene, 24, with criminal securities fraud and conspiracy to commit securities fraud. He has been arrested and is in jail on $500,000 bond, said Herb Hadad, a spokesman for the U.S. attorney's office. The SEC alleged Petrescu-Comnene and his friends made about $48,000 in illegal profits. One of the acquisitions cited by the SEC was Citigroup's acquisition of Associates First Capital Corp. last month. His attorney couldn't be reached for comment. Petrescu- Comnene was hired by Salomon in July 1999, and resigned last Friday. A Salomon spokeswoman said, ``If the allegations prove true, this former employee violated our stringent rules prohibiting misuse of confidential information. In addition, if he either traded in accounts away from the firm or had interest in these accounts, he also violated our strict rules on employee trading.'' Oct/13/2000 17:45 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.