| GlobalTec Introduces MB Trading as Integrated Broker for Online ...
(PRLEAP.COM) Founded in 1999 and based in El Segundo, Calif., MB Trading is a direct access brokerage firm that develops and markets sophisticated yet simple direct access trading technology to online investors, allowing them to bypass the middleman and trade directly to the NASDAQ, NYSE and AMEX markets. Over the past seven years, tens of thousands of investors have done just that using Wizetrade software. Wizetrade users do not have to exit the software when sending stock trading orders to their integrated brokers. MB Trading is the third online broker to integrate with Wizetrade, joining Fimat PreferredTrade and optionsXpress. "We are proud to welcome MB Trading as an integrated broker partner for Wizetrade users," said John Dankovchik, president of Dallas-Based GlobalTec. "Thousands of GlobalTec currency traders are already familiar with MB Trading as an integrated broker for 4X Made Easy.
Bill to resolve SMEs’ fund raising woes
This will encourage fund infusion by willing investors into SMEs as strategic equity partners in those enterprises, explained Mr Sircar. The Bill, which was piloted by Union ministry of company affairs, is awaiting approval from the Rajya Sabha. Ensuring limited liability of partners, the Bill paves the way for equity participation in SMEs by professionals, IT companies and venture capitalists. Though talks are doing the rounds on formation of a separate platform for trading in SME securities, the SSI ministry is yet to receive a formal proposal either from Sebi or NSE on the matter. Once a formal proposal is received, the matter will be placed before the National Board on SSIs, under the ministry, to discuss what enabling provisions are required for participation of SMEs in stock trading, said Mr Sircar.
Internet Startup Livedoor Fined $2.4M
Internet startup Livedoor Co. was hit with the largest fine ever in corporate Japanese history for violating securities laws Friday, the latest blow in a scandal that has led to seven convictions for former executives and accountants. The Tokyo District Court ordered Livedoor to pay 280 million yen, or $2.4 million, and its subsidiary Livedoor Marketing was fined $338,000, a court official said on customary condition of anonymity. Earlier in the day, two accountants were convicted in the same court for fabricating earnings in the latest verdicts in a series of criminal trials involving Livedoor, once one of Japan's flashiest dot-coms. The tough fines and prison terms being doled out to those at the center of the scandal are sending a strong message about the growing effort to crack down on companies testing what are still gray areas in this nation for regulations on stock trading.
Trading game attracts students
SHANGHAI: More than 4,000 university students have registered for an online virtual stock trading competition that begins today. Organized by the Shanghai University of Finance and Economics' Stock Studies Society, the game is the first of its kind for the city and has attracted entrants from its 17 universities. Nilson Lin, a finance major and president of the society, told China Daily that the competition would run for one month and be based on real data from the Shanghai stock market. He said: "The competition will be run via our website at www.shufestock.com. "Each person starts with 200,000 yuan (about $26,000) start-up capital, which they can then use to buy and sell stocks using actual data from the Shanghai stock market. "When the competition ends on May 10, the person with the most money in their virtual bank account will be declared the winner, and collect 10,000 yuan (about $1,300) in real cash." With such high levels of interest in the competition, some have suggested it might lead to students neglecting their studies.
bebe stores, inc. Vice President Adopts Rule 10b5-1 Trading Plan
BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. (Nasdaq: BEBE) today announced that Susan Peterson, Vice President of Design, bebe, adopted a pre-arranged stock trading plan to sell a portion of her bebe stock over time as part of her individual long-term strategy for asset diversification and liquidity. The stock trading plan was adopted in accordance with the requirements of Rule 10b5-1 of the Securities and Exchange Act of 1934 and bebe's policies regarding its employees' stock transactions. Rule 10b5-1 allows a company's officers and directors to adopt written, pre-arranged stock trading plans when they do not have material, non-public information about the company or its securities. Using these plans, which preclude an insider from exercising subsequent influence over the timing or amount of trades, insiders can gradually diversify their investment portfolios, spread stock trades out over an extended period of time to reduce any market impact and avoid concerns about whether they had material, non-public information when stock is sold on their behalf.
Online Trading Firms to Swap Fraud Tips
Representatives from some of the nation's top online stock trading firms will meet with federal law enforcement officials on Friday to discuss ways they can work together to combat Internet fraud. Security experts from E*Trade, Fidelity, TD Ameritrade and Scottrade and other trading firms will meet with agents from the Department of Homeland Security, the FBI and the U.S. Postal Service. The meeting will be held in Pittsburgh at the offices of the National Cyber Forensics Training Alliance (NCFTA), a public-private partnership whose members collaborate on anti-fraud efforts. .
PANAMERSA Corporation (PNMS) Partner DESIMPLEX to Supply New ...
DALLAS, TX and PANAMA CITY -- (MARKET WIRE) -- March 19, 2007 -- PANAMERSA Corporation (PINKSHEETS: PNMS) announces Partner DESIMPLEX is in the final Beta testing of PDR trading software to be used by the newly formed Stock Trading company PDR Exchange (Panama), Inc. PDR Exchange (Panama), Inc. will be an operating company of Fundacion Pan America and will be the engine used to trade receipts issued by Fundacion Pan America. Known as a Pan American Depository Receipt (PDR), it allows beneficial owners of the Fundacion to buy and sell PDRs online anywhere in the world. This will in effect create a private trading system that is open 24 hours a day, 7 days a week to anyone in the world who has a computer and is a beneficiary of the Fundacion. The beauty of the system is it completely eliminates any naked shorting or manipulation of Share Price (PPS) by brokers and market makers, while giving the individual beneficiary complete anonymity.
Upswing in stocks
NEW YORK (AP) "" Stocks ended higher in volatile trading Thursday as investors weighed fears about mounting tension in Iran against a report that indicated better-than-expected U.S. economic growth. The major indexes bounced around, and spent most of the session looking for direction as crude prices surged to a six-month high. Investors remain nervous about the West's response to British sailors held captive in Iran, and oil prices crossed the $66 mark. This offset the Commerce Department's final measure of fourth-quarter gross domestic product, which showed growth of 2.5 percent. That could help quell concerns the economy is slowing too quickly. At the same time, strong economic growth could make it harder for the inflation-wary Federal Reserve to cut short-term interest rates.
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