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May 23, 2007

(AFX UK Focus) 2007-05-23 01:47 GMT: China to restrict securities accounts in suspected stock trading fraud cases

BEIJING (XFN-ASIA) - The China Securities Regulatory Commission (CSRC) said it plans to classify securities trading accounts as “restricted” in suspected market manipulation and insider trading cases.

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Prosecutor says Duic couldn't have been so successful without Rankin's help

TORONTO (CP) - There's no way that Daniel Duic could have been so successful in his illicit stock trading without receiving tips from his best friend, former investment banker Andrew Rankin, the prosecuting lawyer argued Friday.

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Garmin Co-Founder Adopts Rule 10b5-1 Stock Disposition Plan

CAYMAN ISLANDS, Dec. 15, 2006 -- Garmin Ltd. today announced that co-founder Gary L. Burrell, who retired as Co-CEO in August 2002 and as Co-Chairman in August 2004, has established a pre-arranged trading plan to sell a portion of his shares in the company over a designated period. Click here for more info

Lehman Brothers' profits fall less than expected in 3rd quarter

Lehman Brothers Holdings Inc., the No. 4 investment bank, said third-quarter profits fell less than expected, as strength in stock trading and investment banking offset losses from the struggling mortgage market. Lehman Brothers said quarterly profit fell 3.2 percent to $887 million, or $1.54 per share, from $916 million, or $1.

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