November 11, 1990 |
Invoking the cause of corporate democracy, New York investor Martin E. Tash and his backers last month won control of the board of Gradco Systems Inc. by winning the hearts and minds of shareholders of the Irvine-based maker of copier and printer sorter equipment in a contentious proxy fight. Two months earlier, at Comprehensive Care Corp.
October 23, 1994 |
On trading desks across the country, the video screens of Nasdaq computer terminals glow with stock symbols and price quotes, displaying the list of market makers who deal in each stock and the prices at which they stand ready to buy or sell shares. Federal regulation--what's known as the "firm quote rule"--requires market makers to honor the prices they display. But Nasdaq market makers often do not. Through Oct.
October 20, 1994 |
As the morning sun lifts above the hills east of this town near the Hudson River, Harvey Houtkin, principal and chief executive officer of tiny Domestic Securities Inc., sits before a Nasdaq trading terminal, steeling himself to do the unthinkable. Houtkin taps a few buttons on a keyboard linked to the central computer for over-the-counter stock trading. "What I'm doing now is the most unacceptable thing you can do in the market," he says.