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  • NASD Files Enforcement Action Against Sigma Financial For Harassing Clients, Violating Arbitration Code

    Date 28/04/2004

    NASD announced today that it has brought an enforcement action charging Sigma Financial Corporation and its president with unethical conduct and violations of NASD's Code of Arbitration Procedure - for frivolously pursuing legal action against an elderly couple who had won an arbitration award against the firm. This action is the most recent effort by NASD to curb abuses in the arbitration process and ensure compliance by regulated firms.

  • More NASDAQ Stocks Phased Into Its Market Close Order Facility

    Date 28/04/2004

    The Nasdaq Stock Market, Inc. (“NASDAQ®”; OTCBB: NDAQ) has phased in ten additional NASDAQ-listed securities into the NASDAQ Closing Cross, a centralized order facility that provides a highly transparent and accurate market close for NASDAQ securities.

  • IPE Further Enhances Its Disciplinary Processes

    Date 28/04/2004

    The International Petroleum Exchange (IPE), Europe’s leading energy futures and options exchange, today announced that it had appointed two additional senior and distinguished independent legal practitioners to its Disciplinary and Appeals Panels.

  • Instinet Group Announces First Quarter 2004 Results

    Date 28/04/2004

    Instinet Group Incorporated (Nasdaq:INGP) today announced net income of $19 million or $0.06 per share for the first quarter of 2004 compared to a net loss of $34 million or $(0.10) per share for the first quarter of 2003 and a net loss of $38 million or $(0.12) per share for the fourth quarter of 2003. The first quarter 2004 results included a pre-tax unrealized investment gain of $5 million and insurance recovery of $5 million. Excluding these items and the related tax effect, pro forma operat

  • GICS Sub-Industry Changes In The S&P US Indices

    Date 28/04/2004

    Please click here for details of GICS Sub-Industry changes in the S&P US Indices.