Financial Services Industry
Industry: Email Alert RSS FeedKnight CEO denies allegations of irregular trading.
Financial News, June, 2002
Byline: Jeremy Adams in New York
Thomas Joyce, chief executive of Knight, the US equity trading group, has dismissed allegations that the company was involved in irregular share trading during the technology boom in the 1990s. Robert Stellato, the ex-head of Knight's institutional trading desk, has accused the company of profiting from insider knowledge of share trades during the technology boom in the 1990s. The Securities and Exchange Commission and the National Association of Securities Dealers are investigating the allegations .
In a statement Joyce said: "All of Mr. Stellato's allegations are unfounded and without merit. We are committed to taking whatever steps are necessary to protect investors, employees and the company. Knight is confident...
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