Nortel axes CEO, top officials; markets quake, dollar struck

Article Abstract:

Nortel Networks Corp. fired its chief executive Frank Dunn and two other top officials savaging the stock markets and drawing the scrutiny of the RCMP. Nortel's own stock lose about 30 percent when the company began reviewing its books after the telecom industry collapse that led to a decline in its sales and work force by about two-thirds.

Telephone and telegraph apparatus, Telecommunications equipment industry, Appointments, resignations and dismissals, Nortel Networks Corp., NT, Securities fraud, Dunn, Frank

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Ex-Scotia broker willing to ?never re-apply?

Article Abstract:

Steven White, a former broker at Scotia Capital Inc., is under investigation by the Investment Dealers Association of Canada. Scotia, which is the investment banking unit of the Bank of Nova Scotia, placed Mr. White on suspension following an internal probe.

Legal/Government Regulation, Banking industry, Cases, Investment Dealers Association of Canada, Bank of Nova Scotia, White, Steven

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