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  • HKEx: Ying Kit Stock Company

    Date 23/01/2002

    Ying Kit Stock Company (Ying Kit) defaulted in its payment obligation to Hong Kong Securities Clearing Company Limited (HKSCC), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), today (23 January). This constitutes a default under Rule 3701 of General Rules of CCASS. Pursuant to Rule 3702, Ying Kit has been declared a defaulter by HKSCC. Subsequent to the HKSCC declaration on Ying Kit, pursuant to Rule 725 of Rules of the Exchange, Ying Kit is not allowed to trade

  • The Kosdaq Stock Market Tightens Listing Requirements

    Date 22/01/2002

    The Kosdaq Committee is tightening listing requirements to keep out shaky start-ups. However, firms in the biotechnology and environmental industries will face fewer listing limits in accordance with measures to cultivate such companies. The new measures, "2002 Kosdaq Market Operational Guidelines," were announced Monday, January 21, by the committee.

  • Statement Of Mary Schapiro On Announcement Of CSFB Action

    Date 22/01/2002

    Thank you, Steve. First let me recognize and thank Wayne Carlin and his staff at the SEC's Northeast Regional Office for their excellent work in this investigation. Given all the dislocation that office faced after September 11, they deserve special credit here today. I also want to salute the staff of the NASD for working so hard and so well to bring this matter to a prompt and just conclusion.

  • SEC Issues Statement On Disclosure Requirements For Public

    Date 22/01/2002

    The Securities and Exchange Commission today issued a statement setting forth certain of its views regarding disclosure that should be considered by public companies while preparing annual reports for the year recently ended. The statement is posted on the Commission's web page www.sec.gov under Regulatory Actions, Other Commission Orders, Notices, and Information. The Commission's statement reminds public companies of existing disclosure requirements and suggests steps companies, domestic and

  • SEC Charges CSFB With Abusive IPO Allocation Practices - CSFB Will Pay $100 Million To Settle SEC And NASD Actions - Millions In IPO Profits Extracted From Customers In Exchange For Allocations In "Hot" Deals

    Date 22/01/2002

    The Securities and Exchange Commission today filed charges against Credit Suisse First Boston Corporation (CSFB), the New York-based broker-dealer and investment bank, for abusive practices relating to the allocation of stock in "hot" initial public offerings (IPOs).