N.Y. Exchange Suspends Boesky
NEW YORK — Ivan Boesky, the speculator charged with insider trading a month ago, was suspended as a member of the New York Stock Exchange today and barred from associating with other members.
The exchange announced the actions in a statement immediately after the close of trading. On Nov. 14 Boesky paid a $100-million penalty to settle civil charges of insider trading leveled by the government and agreed to plead guilty to an unspecified criminal charge. The exchange took no action of its own at the time, but cooperated in a federal investigation of his trading activities.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
