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The Bond Market Association, Securities Industry Association File Amicus Brief Urging U.S. Supreme Court To Overturn Ninth Circuit’s ‘Loss Causation’ Rule - If Left To Stand, Rule Would Harm Issuers, Investors By Imposing Substantial, ‘Ill-Defined’ Liabil

Date 14/09/2004

The Securities Industry Association and The Bond Market Association urged the U.S. Supreme Court to overturn a ruling by the Ninth Circuit. The SIA-TBMA brief points out that the decision disregards the requirement imposed by the federal securities laws that an alleged misrepresentation caused a security’s price to decline.
Standard & Poor’s Announces Changes To S&P Indices

Date 14/09/2004

ADESA Inc. (NYSE:KAR) will replace ALLETE Inc. (NYSE:ALE) in the S&P MidCap 400 Index after the close of trading on Monday, September 20, 2004. ADESA is being spun off by ALLETE in a transaction expected to be completed on that date. ALLETE will replace Ultimate Electronics Inc. (NASD:ULTE) in the S&P SmallCap 600 Index. As of market close on September 13 Ultimate Electronics had a market capitalization of roughly $29 million, ranking 600th in the S&P SmallCap 600.
Share Changes In The S&P/ASX 50 Index

Date 14/09/2004

Standard & Poor’s will make the following changes in the S&P/ASX 50 Index effective after the close of trading Friday September 17th, 2004: Macquarie Infrastructure (Australia, SEDOL: 6456942, GICS Code: 20305020) a member of the S&P/ASX 50 Index will increase its shares by 28993794 to 1936940000. This change is due quarterly review share changes. There is no change to the IWF. Woolworths Limited (Australia, SEDOL: 6981239, GICS Code: 30101030) a member of the S&P/ASX 50 Index wi
Securities Industry Association: U.S. Foreign Equity Holdings Soar, Foreign Net Purchases Of U.S. Securities Expected To Total $1 Trillion For ‘04

Date 14/09/2004

Americans continued to add a foreign flavor to their stock portfolios in the second quarter of 2004. The $24.6 billion in acquisitions of foreign stocks, added to the first quarter’s $18.6 billion, put U.S. foreign equity holdings on track to surpass 2003’s total of $71 billion.
Securities Industry Association: Growth In Revenues, Profits Dips For Securities Industry In Second Quarter 2004

Date 14/09/2004

The exceptionally strong gains in revenues and profits that were first posted by securities firms in the first quarter of 2003 slowed in the second quarter of 2004, according to the Securities Industry Association’s latest Research Reports. Profits for all NASD and NYSE-reporting firms were $2.98 billion in the second quarter of 2004, 61.2 percent below second quarter 2003 ($7.7 billion) and 60.7 percent below profits for the first quarter 2004 ($7.6 billion). Gross revenues were $53.93

SEC Charges Charles Schwab & Co. With Improperly Allowing Certain Customers To Purchase Mutual Fund Shares After Market Close

Date 14/09/2004

The Securities and Exchange Commission announced today that it has instituted settled enforcement proceedings against San Francisco-based broker-dealer Charles Schwab & Co., Inc. The Commission charged that Schwab allowed investment adviser customers to change mutual fund orders after the 4:00 p.m. Eastern time market close, creating the risk that such customers could unfairly capitalize on late-breaking news at the expense of other mutual fund investors. Schwab consented to the entry of an orde
Quarterly Rebalancing For S&P/MIB Index

Date 14/09/2004

Standard & Poor’s as part of the quarterly rebalancing, will change the shares outstanding and the Investible Weight Factors for the S&P/MIB effective at the open of business Monday, September 20, 2004.
NZX Appeal Panel Members Appointed By Securities Commission

Date 14/09/2004

New Zealand Exchange Limited (NZX) wishes to advise the market that the Securities Commission has appointed the following people to the NZX Appeal Panel: Simon Upton, QC and Euan Abernethy as legal appointees John Rattray and Don Turkington as former market participants Peter Clapshaw and Bill Thurston as former Directors Brian Allison as the member of the public.
NYSE Seat Sells For $1,205,000

Date 14/09/2004

A regular seat sold on the New York Stock Exchange on Tuesday, September 14, 2004, for $1,205,000; up $55,000 from the previous regular seat sale on August 27, 2004.
NYSE Names Peter W. Jenkins Senior Vice President, Institutional Client Group

Date 14/09/2004

The New York Stock Exchange today named Peter W. Jenkins, 46, senior vice president, Institutional Client Group. Formerly a managing director and head of North Americas Active Equity Trading for Deutsche Bank Asset Management (DeAM), Mr. Jenkins will report to NYSE President and Co-COO Catherine R. Kinney.