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  • UK's Financial Services Authority Fines Bond Broker And Managing Director For Anti-Money Laundering Failures

    Date 09/11/2005

    The Financial Services Authority (FSA) has today fined Investment Services UK Limited (ISUK) £175,000 for conducting its business without due skill, care and diligence and for failing to control its business effectively in relation to anti-money laundering (AML) systems and controls.

  • UK's Financial Services Authority Closes Enquiries Into Shell Individuals

    Date 09/11/2005

    The Financial Services Authority (FSA) has been pursuing enquiries into the roles of certain individuals in the mis-statement of Shell's hydrocarbon reserves. Those enquiries have reached a conclusion and the FSA will be taking no further action.

  • The Philadelphia Stock Exchange To Observe Veterans Day With A Special Opening Bell Ceremony

    Date 09/11/2005

    The Philadelphia Stock Exchange will observe Veterans Day on Friday, Nov. 11 at 9:20 a.m. by honoring the members of the armed services, past and present, with a special bell-ringing ceremony. Col. Brian Leonhard of the Joint Headquarters Pennsylvania National Guard will ring the opening bell. Soprano Rachael Garcia, of the Curtis Institute of Music, will sing “God Bless America.”

  • Suez Replaces Electrabel In The BEL20® Index

    Date 09/11/2005

    In the announcement made by Suez on Tuesday 08th November 2005, Suez stated that they already hold more than 90% of Electrabel’s shares. Referring to the Euronext’s Press Release of 16th September 2005, the BEL20 index compiler has decided to replace Electrabel by Suez (price source: Euronext Brussels; Euronext code: NSCBE0120523; mnemonic: SZEB) in the BEL20 index. The replacement will be effective on Monday, 14th November 2005 after trading hours. The compiler of the BEL20 index has also decid

  • Stockholm Stock Exchange´s Disciplinary Committee Warns Stockbroker

    Date 09/11/2005

    A stockbroker and two clients reached an agreement to sell shares and then to immediately repurchase the same shares at a predetermined price. Since such a practice has no commercial meaning, it contravenes the Exchange´s trading rules. Moreover, the two transactions were not reported to the Exchange within the period of time applying to transactions agreed outside the Exchange. Accordingly, the Stockholm Stock Exchange´s Disciplinary Committee has decided to warn the stockbroker.