NYSE Must Hand Over Grasso Report - Judge
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New York Stock Exchange lawyers must give former chairman Richard Grasso's legal team a confidential report describing how he amassed his controversial &#36;188.5 million pay package, a judge ruled late on Tuesday.
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Richard A. Grasso, the former chairman and chief executive of the New York Stock Exchange, received $144 million to $156 million in excessive compensation.
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TOKYO  - A Japanese securities market overseer recommended Friday that U.S. bond trading firm Cantor Fitzgerald Securities be disciplined for illegally using its own accounts to absorb trades ordered by clients.
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By Kyodo News International, Tokyo  Mar. 8--TOKYO -- The Tokyo Stock Exchange will decide Friday on the  delisting of Nikko Cordial Corp., Japan's third-largest brokerage group, in  April for falsifying financial statements, sources familiar with the matter  said Thursday.
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Get breaking news and essential company info, all in a single place. MILAN, Oct 3  - Ten months after the Parmalat scandal rocked the global finance industry, a judge next week begins deciding whether ...
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The extent of Richard Grasso's control of the New York Stock Exchange board, as laid out in a report released on Wednesday, still came as something of a surprise.
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The Securities and Exchange Commission is preparing enforcement actions against three US stock exchanges -- and possibly the head of one of them -- over charges that in-house regulators failed to adequately enforce their own rules
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Morningstar Inc., a US research firm used by 3 million investors to decide what mutual funds to buy, said the Securities and Exchange Commission is investigating the company for publishing incorrect performance data for a fund.
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HOUSTON -- The New York Stock Exchange could have avoided the controversy over former chief Richard Grasso&#39;s $187.5 million pay package if it had faced more competition, the head of the Nasdaq Stock Market said Wednesday.
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By Jeremy Harrell  Suffolk County Executive Steve Levy has proposed a mediation hearing next Wednesday in an effort to resolve a bitter real-estate fight that could cost Long Island the headquarters of CanonUSA.
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(InfoWorld) - Novell has confirmed the receipt of a notice from the Nasdaq stock market warning that its shares will be delisted from the exchange after the software company delayed filing its most recent quarterly report to the U.S. Securities and Exchange Commission. The vendor said Wednesday that it will appeal the decision and request a hearing before a Nasdaq listing qualifications panel. That move will automatically stay the delisting of Novell's stock while the panel reviews the appeal. In order to ensure continued listing on Nasdaq, the exchange requires companies to file their financial reports with the SEC on a timely basis. Novell was supposed to file its Form 10-Q report for its third quarter of fiscal 2006 to the SEC earlier this month. Last week, Novell announced a delay in the filing as it waited for the results of aÂ voluntary internal reviewÂ around the granting of stock options to employees. The company intends to file its 10-Q as soon as the review is complete, but has yet to commit to when that process will end. Novell has warned that the review may require it to restate earnings. As a result of the delay in filing its 10-Q, Novell, and Wells Fargo BankÂ are bumping heads over the terms of an indenture, the agreement under which bonds and debentures are issued. The bank is the trustee of Novell's $600 million 0.50 percent convertible senior debentures, which are due in 2024. Wells Fargo said that Novell is in default under the terms of the indenture, which require the company to file its 10-Q reports to the SEC within five calendar days of the due date. Novell said Wednesday the indenture requires it to provide the bank with copies of all its SEC filings within 15 days of the filings being made. "Novell does not believe that it has failed to perform its obligations under the indenture," the company said in a release. "Therefore, Novell believes that the above-mentioned notice of default is invalid and without merit." Novell isn't the only IT vendor in hot water with Nasdaq. Dell said Thursday that it plans to request a hearing before a Nasdaq listing qualifications panel after the exchange informed the vendor in a letter dated Sept. 15 that it wasÂ not in compliance with filing requirements. Dell has delayed the filing of its latest 10-Q report for the quarter ended Aug. 4, 2006. The vendor said it was unable to file its 10-Q due to questions raised by an informal investigation by the SEC into unspecified accounting and reporting matters at the company. Along with the SEC investigation and an internal review by Dell's audit committee, the U.S. Attorney for the Southern District of New York has subpoenaed documents relating to Dell's financial reporting from 2002 to the present. While the Nasdaq panel deliberates on Dell's fate, the vendor's shares will remain listed on the exchange.
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NYSE Group , which operates the New York Stock Exchange, has requested relief for one month from compliance with certain securities regulations taking effect on Monday.
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NEW YORK Marsh &amp; McLennan has a good chance of surviving despite the departure Monday of Jeffrey Greenberg, its chief executive, as long as its outside directors understand that removing Greenberg is not the last but the first change they will have to make
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WASHINGTON, Sept. 11 (Dow Jones/AP) â A federal court in Manhattan has ordered a former Kidder Peabody bond trader, Orlando Joseph Jett, to hand over more than $8.4 million sought by the Securities and Exchange Commission.
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The U.S. Congress asked the Securities and Exchange Commission on Saturday to send lawmakers a report justifying a new rule forcing mutual fund boards to have independent chairmen.
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The outside directors of Marsh &amp; McLennan (MMC.N: Quote, Profile, Research) have talked to New York&#39;s attorney general about having its chief executive step aside amid a probe into its business practices, the Wall Street Journal said
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Bank of New York (BK:NYSE - news - research) reportedly faces a $24 million fine to avoid a criminal indictment for allegedly failing to report suspicious activity at one of its branches.