Former Citigroup Analyst Jack Grubman Says Wall Street Hasn't Changed How It Works In More Than 10 Years [VIDEO]

  @MalikFromLA on

Former Citigroup analyst Jack Grubman said Wall Street hasn't changed how it works in more than 10 years. Grubman was barred from the securities industry for alleged misleading research, but he rejected the notion that what he did was wrong or that he felt any conflict at the time.

"Maybe the question to ask is, has anything changed?" he said on CNBC on Friday. "I would argue, not really. I'd say maybe there's change in form but not substance in terms of today's Wall Street research." Grubman stressed that bad research got analysts nowhere in the businessback then -- or now.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video