November 20, 2008
Computer errors prompt concern over global stock trading systems
NEW YORK (AP) - Computers at the Tokyo stock exchange couldn't handle a deluge of orders in the midst of a major selloff this week, and a hiccup at the Nasdaq Stock Market meant investors saw incorrect stock price movements online for much of the day Thursday.
SEC official: Probe of stock plans will continue
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.
Financial sector recovers; Instinet shares drop
NEW YORK (MarketWatch) - Shares of stock trading firm Instinet sank 11% Monday morning on word the firm is near a deal to sell itself for less that many observers expected.
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