The number of Wall Street cheats illegally using inside information appears to be climbing pretty rapidly. This is evident from the stepped-up number of stock trading investigations by the various securities and regulatory agencies, according to a brokerage compliance source with strong regulatory ties. Such trading probes, he estimates, are running about 10% to 15% ahead of last year’s levels.
Morgan Stanley Profit Rises on Trading, Investment-Banking Fees
Dec. 19 (Bloomberg) -- Morgan Stanley, the world's second- largest securities firm, said fourth-quarter profit rose a better-than-expected 26 percent as a rally in stocks, bonds and currencies fueled trading and investment-banking fees climbed. Click here for more infoRASbank Ups Capitalia To Neutral
1041 GMT [Dow Jones] RASbank ups Capitalia (CAP.MI) to neutral from underperform after Tuesday's presentation of a 3-year industrial plan to '07. Says plan is aggressive while noting that '07's EPS target of EUR0.51 would see the stock trading at 9x P/E, giving it a 30% upside with a EUR6 fair value.
ASX Q4 profit to stand out among Asia's bourses
SYDNEY, July 22 (Reuters) - The Australian Stock Exchange Ltd. may post about a 30 percent rise in quarterly profit on strong fee income from new listings and buoyant trading, but earnings growth is forecast to slow in fiscal 2006.
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