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  • SEC Charges Two Friends Of Former ImClone CEO Samuel Waksal With Insider Trading

    Date 09/03/2005

    The Securities and Exchange Commission today charged Zvi Fuks and Sabina Ben-Yehuda, two friends of the former CEO of ImClone Systems Inc., Samuel Waksal, with insider trading in ImClone securities in December 2001. The Commission charged that Ben-Yehuda and Fuks sold ImClone stock after receiving an illegal tip from Waksal just before the FDA denied approval of ImClone's cancer treatment drug.

  • SEC Charges Floor Clerk At NYSE With Alerting Trader To Large Orders In Return For Cash Payments

    Date 09/03/2005

    The Securities and Exchange Commission today charged Frank J. Furino, a former clerk for a New York Stock Exchange floor broker, for his role in a fraudulent “trading ahead” scheme. Furino is charged with disclosing large, pending block orders from institutional customers to a day trader in return for cash payments between August 2000 and December 2001. The Commission alleges that the day trader traded ahead of the customer orders and profited on short-term price movements when the block order w

  • Results Of LME Shareholder Representative Elections Announced

    Date 09/03/2005

    The London Metal Exchange (LME) has today confirmed the election results for shareholder representative directors to the board of LME Holdings Limited, effective from 1 April 2005.

  • Record Monthly Trading Volume For Euronext.liffe White Sugar Futures

    Date 09/03/2005

    Euronext.liffe’s White Sugar Futures contract set a new monthly volume record of 155,706 contracts in February 2005, breaking the previous record of 153,122 contracts set in September 2004.

  • NYSE Regulation Charges Former Trading Floor Clerk Frank J. Furino With Securities Fraud

    Date 09/03/2005

    New York Stock Exchange Regulation today announced the issuance of charges against Frank J. Furino, a former trading floor clerk, for alleged securities fraud violations. The charges, which were issued by the Exchange’s Division of Enforcement, were the result of a joint investigation by the Exchange with the United States Attorney’s Office for the Eastern District of New York and the Securities and Exchange Commission’s Northeast Regional Office.