. ▁ ▁Besides ▁his ▁executive ▁office ▁on ▁the ▁ 4 3 rd ▁floor ▁of ▁ 1 ▁New ▁York ▁Pla za , ▁G utf re und ▁frequently ▁occupied ▁a ▁two - person ▁des k ▁at ▁the ▁head ▁of ▁the ▁massive , ▁double - de cker ▁ 4 1 st ▁floor ▁fixed ▁income ▁trad ing ▁floor , ▁known ▁as ▁' the ▁Room ', ▁where ▁G utf re und ▁would ▁regularly ▁give ▁advice ▁to ▁individual ▁trad ers . ▁▁ ▁When ▁G utf re und ▁was ▁CE O ▁of ▁Sal omon ▁Brothers , ▁a ▁major ▁sc andal ▁took ▁place ▁regarding ▁the ▁way ▁Tre as ury ▁bond ▁trad ing ▁was ▁done ▁by ▁Sal omon . ▁Paul ▁Moz er , ▁head ▁of ▁the ▁Government ▁Bond ▁des k , ▁was ▁subm itting ▁b ids ▁in ▁excess ▁of ▁what ▁was ▁allowed ▁by ▁the ▁Tre as ury ▁rules . ▁When ▁this ▁was ▁discovered ▁and ▁brought ▁to ▁the ▁attention ▁of ▁G utf re und , ▁he ▁did ▁not ▁immediately ▁susp end ▁Mr . ▁Moz er . ▁The ▁expos ure ▁of ▁Mr . ▁Moz er ' s ▁repeated ▁viol ations ▁of ▁U . S . ▁government ▁bond ▁au ction ▁rules ▁resulted ▁in ▁a ▁significant ▁sc andal ▁during ▁which ▁regul ators ▁and ▁some ▁polit icians ▁called ▁on ▁the ▁firm ▁to ▁be ▁stri pped ▁of ▁its ▁Primary ▁De aler ▁status . ▁This ▁action ▁would ▁have ▁threatened ▁the ▁surv ival ▁of ▁the ▁firm , ▁then ▁the ▁largest ▁particip ant ▁in ▁the ▁U . S . ▁government ▁and ▁mort g age ▁bond ▁trad ing ▁mark ets . ▁Warren