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  • UK's Financial Services Authority Fines Bradford & Bingley £650,000 For Precipice And With-Profit Bonds Mis-Selling

    Date 22/12/2004

    The Financial Services Authority (FSA) today fined Bradford & Bingley Plc (BBG) £650,000 for the widespread mis-selling of precipice and with-profit bonds. BBG has also agreed to pay £6 million in compensation to the 6,800 customers affected. The firm did not make suitable recommendations to customers, did not maintain adequate records of sales, and did not have in place adequate systems and controls to prevent and ultimately address these failures.

  • SEC/NYSE/NASD: Edward Jones To Pay $75 Million To Settle Revenue Sharing Charges

    Date 22/12/2004

    The Securities and Exchange Commission, NASD and the New York Stock Exchange announced settled enforcement proceedings against Edward D. Jones & Co., L.P., a registered broker-dealer headquartered in St. Louis, Missouri, related to allegations that Edward Jones failed to adequately disclose revenue sharing payments that it received from a select group of mutual fund families that Edward Jones recommended to its customers.

  • NYSE 2004 Year-In-Review As Of Dec. 20, 2004

    Date 22/12/2004

    Please click here to view NYSE 2004 year-in-review as of December 20, 2004.

  • Nymex To Allow Trading Of Brent/WTI Spread During Holidays

    Date 22/12/2004

    New York Mercantile Exchange, Inc., announced today that, going forward, it will permit trading of the Brent/West Texas Intermediate spread in Dublin when the New York trading floor is closed and the Dublin trading floor is open, including on Friday, December 24, and Friday, December 31.

  • Nomination Committee’s Proposal For The OMX Board Of Directors

    Date 22/12/2004

    OMX’s Nomination Committee, comprising Marcus Wallenberg (Committee Chairman), Eva Halvarsson, KG Lindvall, Tom Ruud and Olof Stenhammar (convening member), have decided to propose to the Extraordinary Board Meeting OMX intends to hold on February 3, 2005, that the following new Board members be elected to serve until the 2005 Annual General Meeting is held: