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 $188.5  million pay package, a judge ruled late on Tuesday.
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Business & money: Investors who buy shares in companies to agitate for change could face fines or even prosecution.
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Richard A. Grasso, the former chairman of the New York Stock Exchange, has asked an appeals court to remove the judge presiding over a lawsuit seeking the return of some of his $190 million pay package from the Big Board.
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_ A federal judge in New Hampshire says shareholders can go ahead with a class action suit against Tyco International. The suit alleges accounting fraud and looting by former top executives.
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The Securities and Exchange Commission may require brokers to obtain the best prices for their clients' stock trades, a practice now followed only by the New York Stock Exchange, people familiar with the matter said yesterday.
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Richard A. Grasso had too much control in setting his controversial $187.5 million compensation as chairman of the New York Stock Exchange and took advantage of personal connections with board members to push it through, the NYSE claimed in a previously confidential report released yesterday.
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Bank of New York Co. Inc. on Tuesday  said regulators are looking into market-timing trades cleared  by its stock clearing business unit Pershing LLC.
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A rule change at the New York Stock Exchange will allow brokers on its trading floor to handle non-NYSE listed stocks, in a move meant to stem trading share losses to newer competitors.
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The Tokyo Stock Exchange  is likely to decide to delist scandal-hit Japanese brokerage Nikko Cordial Corp.  on Friday, the Nikkei business daily reported.
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The New York Stock Exchange is considering extending its trading hours, a move that could change the way Wall Street traders do business.
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New York attorney general is ready to turn over high-profile cases to federal regulators: report. NEW YORK (CNN/Money) - Eliot Spitzer may be ready to turn in his badge.
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DAVOS, Switzerland  - U.S. financial regulators  need to be ready in case of a crisis in the hedge fund industry  and will amend rules if necessary, the head of the Securities  and Exchange Commission said on Saturday.
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(InfoWorld) - U.S. Securities and Exchange Commission (SEC) reporting rules that govern listed companies are too much for Creative Technology, which has renewed plans to delist its shares from the Nasdaq stock exchange. "The administrative overhead and cost of the evolving and increasingly burdensome U.S. reporting obligations has become significant," the company said Thursday, announcing plans to end its U.S. listing on Aug. 1. Less than 10 percent of Creative's trading volume takes place on Nasdaq, it said. "Creative believes the costs of maintaining its Nasdaq listing and continuing with its U.S. reporting obligations are no longer in the best interest of the company and its shareholders," it said. Creative's shares will continue to be traded on the Singapore stock exchange. Creative, which makes MP3 players and PC sound boards, has been down this road before. In 2003, Creative announced similar plans, saying the volume of shares traded in the U.S. was low and most analysts that cover the company are based in Singapore, where its headquarters are located. The delisting plans were announced then also held out the possibility of reducing the company's administrative overhead and cutting costs. "We believe it is in our shareholders' best interest that we initiate steps that can facilitate the elimination of our SEC reporting obligations and our intended delisting from Nasdaq," the company said at that time. The 2003 delisting plans were never realized. Whether or not Creative proceeds with its delisting plans this time remains to be seen. The company announced plans to file a formal delisting notice with the SEC on July 23, but reserved the right to delay or withdraw the filing for any reason. Once the filing has been submitted, Creative's shares can be delisted within 10 days. Assuming Creative goes through with its delisting plans, the company must continue reporting financial results under SEC rules for at least one year after its delisting.
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The Securities and Exchange Commission is considering whether to abandon an unpopular proposal that was designed in part to curtail improper mutual fund trading, according to a published report Thursday.
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RUPERT Murdoch has to win four key votes to shift The News Corporation Ltd to New York and into the S&amp;P 500 share index. The votes of the Australian institutions - where the greatest opposition to the move resides - are critical in only one of the four.
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Ten US stock markets, including the New York Stock Exchange, would be required to file quarterly reports with regulators and maintain a majority of independent directors under a plan published by the agency today.
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Citigroup Inc. (CN: Quote, Profile, Research) on Friday said US securities regulators are thinking of recommending enforcement proceedings against the former head of Citigroup Global Investment Management.