SEC votes to extend limit order protection on Nasdaq
The Securities and Exchange Commission unanimously approved a rule to stop dealers from trading ahead of customers limit orders on Nasdaq. The measure covers orders up to 10000 shares and applies to institutional orders with broker negotiation of exceptions. Market makers and investors seek clearer protections amid ongoing antitrust probes into Nasdaq practices.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
SEC
Arthur Levitt Jr
Levitt
Brandon Becker
Microsoft Corp
Apple Computer
Justice Department
NASA
Alan Davidson
Zeus Securities
Jerico
N.Y
David K. Whitcomb
Rutgers University
Whitcomb
Chase raises defenses for shareholder fight
Chase Manhattan Corp. amended its bylaws to bar stockholders owning more than 25 percent from calling special meetings. The move aims to deter large investors from pushing proposals without management consent amid pressure from 6 percent holder Michael Price of Heine Securities. analysts call it routine governance protection during proxy battles.
MENTIONED IN THIS ARTICLE
Washington
Chase Manhattan Corp
Chase
New York
Securities and Exchange Commission
Michael Price
Heine Securities Corp
Price
Raphael Seifer
Brown Brothers Harriman & Co
Merrill Lynch Warned of Orange County Investment Risks
Merrill Lynch memos show the firm warned in 1993 of risks to Orange County’s investment pool and sketched out a potential financial melt down almost three years before the county’s bankruptcy. The documents, released to a state committee, suggest the firm identified risk and shared it with Citron, while critics say risks were not adequately disclosed to investors and officials.
MENTIONED IN THIS ARTICLE
Merrill Lynch
Orange County
Santa Ana
Calif
Merrill Lynch & Co
Merrill
William Brooksmit
Robert Citron
Timothy Gilles
Citron
Merril
Also Mentioned on This Page
NYSE
New York Stock Exchange
Agnico
Anmans
Ean Iy
Wen SurTouch
Askar
Tim
Uim
Pan
Cate
Wve
Tain
KmpStr
Kents
Saad
Kranime
Kroger Kuhim
Tau
Mason
Rhye
Ingia
Dalden
Tolifiro
Torchen Treheney Toro Tosco
TowSys
Amy
Vay
Ysei
Nave
Bias
Wy Royce
Satoma
Saima
Caunta
Sfanna
Sen Ghabua
The
Suna
Ath
En WU
Emir
Lao
Ama
TEM
Lincine Su
Valassis
Valero
Valspar
van Warn
Q Vanty
Vigoro
Wachowa
Aus
Nv Sa
Windia
Winnba
Yorkin
Zeneca
Jweig
Atu Iles
Commission
Division of Market Regulation
Nasdaq
Mark Beauchamp
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!