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To: LPS5 who wrote (10666)1/10/2003 2:57:51 PM
From: TFF  Respond to of 12617
 
Eurex says to launch U.S. exchange
Reuters, 01.09.03, 7:09 PM ET


FRANKFURT, Jan 10 (Reuters) - Eurex <DB1Gn.DE>, the world's largest derivatives exchange, said on Friday it planned to launch a U.S. exchange to offer derivatives on U.S. interest rates, indices, and equities.

Eurex said it was in talks with regulators to prepare the launch and said the project would be an entryway into the United States for its derivative products.

Eurex is owned by German stock exchange group Deutsche Boerse <DB1Gn.DE> and the SWX Swiss Exchange.

Earlier this month, the group said it was examining ways to enter the U.S. equity options market.

Copyright 2003, Reuters News Service



To: LPS5 who wrote (10666)1/14/2003 11:55:57 AM
From: TFF  Read Replies (1) | Respond to of 12617
 
Heartland Securities, Brokers to Pay $70 Mln to Settle Charges
By Neil Roland

Washington, Jan. 14 (Bloomberg) -- Heartland Securities Corp., a day trading firm, and four brokers with its predecessor firm, Datek Securities Corp., agreed to pay $70 million to settle securities fraud charges.

The Securities and Exchange Commission alleged that Sheldon Maschler, Erik Maschler, Jeffrey Citron, and Michael McCarty executed millions of illegal proprietary trades on the Nasdaq Stock Market's Small Order Execution System. The defendants hid their fraud from 1993 to 2001 by creating fictitious books and filing false regulatory reports, the SEC said.

Sheldon Maschler agreed to pay $29.2 million in penalties and Citron $22.5 million, among the largest regulatory penalties ever assessed against individuals, the SEC said.