New York Stock Exchange

Canceling an option at a time when its strike price exceeds the fair market value of the underlying stock, in exchange for another option, restricted stock, or other equity, unless the cancellation and exchange occurs in connection with a merger, acquisition, spin-off or other similar corporate transaction. ... [Read More]

The Securities and Exchange Commission, NASD and the New York Stock Exchange Permanently Bar Henry Blodget From the Securities Industry and Require $4 Million Payment; Press Release 2003-56
New York and Washington, DC, Apr. 28, 2003 — The Securities and Exchange Commission, NASD and the New York Stock Exchange — following a coordinated investigation of allegations of undue influence of investment banking interests on research analysts at brokerage firms — today announced that Henry Blodget , a former managing director at Merrill Lynch, Pierce, Fenner & Smith, Incorporated and the senior research analyst and group head for the Internet sector at the firm, will be censured and permanently barred from the securities industry, and will make a total payment of $4 million to settle the charges against him. ... [Read More]

NYSE Rulemaking: Release No. 34-48502; File No. SR-NYSE-2002-35 (Notice of Filing of Amendment No. 4 to a Proposed Rule Change by the New York Stock Exchange, Inc. Relating to Business Continuity and Contingency Planning) September 17, 2003
The Exchange, however, recognizes that certain business constituent, banking, and counter-party relationships might not be critical to a firm's business or operations. Therefore, in response to comments, the Exchange is amending the category of "business constituent, bank, and counter-party impact" in proposed NYSE Rule 446(c)(7) to read, "[c]ritical business constituents, banks, and counter-parties." Members and member organizations would be responsible for identifying those relationships that they deem critical for purposes of complying with the rule. The Exchange will consider, based on its experience in working with the rule following its adoption, whether to enumerate specific relationships that it views as critical to all members and member organizations. ... [Read More]

Good-Bye! (Leaving the SEC Website)
The link you have selected is located on another server. Please click on the link below to leave the U.S. Securities and Exchange Commission's site and proceed to the selected site. The SEC does not endorse this web site, its sponsor, or any of the policies, activities, products, or services offered on the site or by any advertiser on the site. Go to URL http://www.nyse.com ... [Read More]

Corporate Bankruptcy
If the company does come out of bankruptcy, there may be two different types of common stock, with different ticker symbols, trading for the same company. One is the old common stock (the stock that was on the market when the company went into bankruptcy), and the second is the new common stock that the company issued as part of its reorganization plan. If the old common stock is traded on the OTCBB or on the Pink Sheets, it will have a five-letter ticker symbol that ends in "Q," indicating that the stock was involved with bankruptcy proceedings. The ticker symbol for the new common stock will not end in "Q". Sometimes the new stock may not have been issued by the company, although it has been authorized. In that situation, the stock is said to be trading "when issued," which is shorthand for "when, as, and if issued." The ticker symbol of stock that is trading "when issued" will end with a "V". Once the company actually issue ... [Read More]

Investor Tips: Invest Wisely
Obtain information on using arbitration to resolve your dispute by contacting the NASD, New York Stock Exchange, American Stock Exchange, Municipal Securities Rulemaking Board, Boston Stock Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, Pacific Stock Exchange, or Philadelphia Stock Exchange. Each of these organizations operates a forum to resolve disputes between brokerage firms and their customers. It may be desirable to consult an attorney knowledgeable about securities laws. Your local bar association can assist you in locating a securities attorney. Securities Regulators To Contact ... [Read More]

New York Stock Market Opened on Wall Street
Do you trade baseball cards, videotapes or Pokemon cards? Anything becomes valuable if someone wants it badly enough. Have you heard about trading stocks and bonds on television or at home? Stocks are shares in a business that you get when you invest money in that company. Stocks are traded on the Stock Market and, on this day in 1865, the New York Stock Exchange opened its first permanent headquarters near Wall Street in New York City. What do you think makes the price of stock rise? ... [Read More]

Other Sites to Visit
Center for Corporate Law at the University of Cincinnati College of Law (text of Securities Act of 1933, Securities Exchange Act of 1934, the Investment Company Act of 1940, Rules under those Acts, and certain regulations and forms) ... [Read More]

History of the NY Stock Exchange (Business Reference Services, Library of Congress)
The New York Stock Exchange traces its origins back to the signing of the Buttonwood Agreement by 24 New York City stockbrokers and merchants on May 17, 1792 outside at 68 Wall Street under a Buttonwood tree. In the beginning there were five securities traded in New York City with the first listed company on the NYSE being the Bank of New York. ...

N.Y.S.E. : a history of the New York Stock Exchange, 1935-1975 by Robert Sobel. New York : Weybright and Talley, [1975] ... [Read More]

Internet Fraud: How to Avoid Internet Investment Scams
It's common to see messages posted online that urge readers to buy a stock quickly or tell you to sell before the price goes down. Often the writers will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be insiders or paid promoters who stand to gain by selling their shares after the stock price is pumped up by gullible investors. Once these fraudsters sell their shares and stop hyping the stock, the price typically falls and investors lose their money. Fraudsters frequently use this ploy with small, thinly-traded companies because it's easier to manipulate a stock when there's little or no information available about the company. The Pyramid ... [Read More]