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Korea Futures Exchange: Inauguration Of The 3rd Chairman And CEO

Date 23/01/2002

The former president of Kosdaq Stock Market Inc.,Kang Jung-ho was chosen as the third chairman & CEO of the Korea Futures Exchange in a General Meetings held on January 18 and officially inaugurated on January 21.
Kerstin Hessius New Member Of OM's Executive Management

Date 23/01/2002

Kerstin Hessius has today been appointed to OM's Executive Management team and will re-port directly to OM's CEO Per E. Larsson.
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).
New York Stock Exchange Issues Monthly Short Interest Report

Date 22/01/2002

The New York Stock Exchange today reported short interest as of the close of business on the settlement date of Jan. 15, 2002, reflecting transactions through Jan. 10, 2002.
Nasdaq Names Bill Harts Executive Vice President, Corporate Strategy

Date 22/01/2002

The Nasdaq Stock Market®, Inc., today announced that Bill Harts has been named Executive Vice President, Corporate Strategy, for the organization. He will be responsible for initiating and developing strategic opportunities and initiatives for The Nasdaq Stock Market, and will report directly to Wick Simmons, Nasdaq Chairman and Chief Executive Officer.
NASD Regulation Charges Credit Suisse First Boston With Siphoning Tens Of Millions Of Dollars Of Customers' Profits In Exchange For "Hot" IPO Shares - Firm To Pay $100 Million To Be Split Between The NASD And SEC - Record Fine For NASD

Date 22/01/2002

NASD Regulation, Inc., announced today that it censured Credit Suisse First Boston Corporation (CSFB) and directed it to pay $50 million in monetary sanctions for taking millions of dollars from customers in inflated commissions in exchange for allocations of "hot" Initial Public Offerings (IPOs). The inflated commissions essentially amounted to a "profit sharing" arrangement with CSFB as the IPO shares climbed in the secondary market. As part of the settlement, CSFB will also pay $50 million to