Though giving a nod to legitimate reasons for executives to use automatic stock-trading plans, the Securities and Exchange Commission’s enforcement director today warned that the agency is continuing to probe whether the plans are shielding insider-trading abuses.
Pakistan Deserves Closer Look From Foreign Funds-Merrill
HONG KONG (Dow Jones)--Pakistan has been a hugely successful yet under-researched stock market that deserves more attention from international investors, according to Merrill Lynch & Co. (MER). Link to original articleFeb. 13 (Bloomberg) -- UBS AG, the world's biggest money manager, reported a smaller decline in fourth-quarter profit than analysts estimated as revenue from equities trading and fees for overseeing wealthy people's assets rose. More...Aug. 14 (Bloomberg) -- Citic Securities Co., poised to overtake Nomura Holdings Inc. as Asia's biggest brokerage, said first-half profit jumped more than fivefold as a surging Chinese stock market fueled share trading and underwriting fees. More...
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