NYSE fines Fleet for trading in GM shares

Newswire

NEW YORK, July 30 (Reuters) - The New York Stock Exchange on Wednesday said it fined one of its largest specialist firms for improperly trading shares of General Motors Corp. during a volatile session last year. The NYSE fined Fleet Specialist, a unit of FleetBoston Financial Corp. , and Michael Bonnano, one of its specialists, for how it managed the trading of GM shares on June 27, 2002, a bumpy session marked by rumors -- later denied by the company -- that the automaker was subject of ...

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