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Salim B. Lewis
Convicted Stock Manipulator; Head of S.B. Lewis & Company
Principal, S.B. Lewis & Company
Overview
Salim B. Lewis (known as Sandy Lewis) was the head of S.B. Lewis & Company, a Wall Street brokerage firm. He pleaded guilty in October 1990 to manipulating the stock price of Fireman's Fund Insurance to benefit his firm's trading positions. Lewis was fined $250,000 and placed on probation. He was permanently banned from the securities industry. His father, Salim L. Lewis (known as Cy Lewis), had been the managing partner of Bear Stearns. The younger Lewis's conviction was part of the broader wave of 1980s financial crime prosecutions that reshaped Wall Street oversight.
Key Affiliations
Controversies & Concerns
Manipulated stock price of Fireman's Fund Insurance to benefit trading positions
Permanently banned from the securities industry after conviction
Son of Bear Stearns managing partner Cy Lewis; represented fall of Wall Street dynasty
Related Investigations (1)
Criminal Charges & Violations
1 documented violations
15 U.S.C. 78j(b)Stock Manipulation: Artificially inflating Fireman's Fund Insurance stock price(Federal)
Sources & Documentation
1 documented sources from official records, investigations, and reports
Personal Information
- Born
- 1940
- Birthplace
- United States
- Also Known As
- Sandy Lewis
Education
Key Timeline
1980s
Manipulates Fireman's Fund Insurance stock to benefit trading positions
October 1990
Pleads guilty to stock manipulation; fined $250,000; placed on probation
1990
Permanently banned from the securities industry