On May 9th, the United States Securities and Exchange Commission announced settled fraud charges against Morgan Stanley & Co. Incorporated (Morgan Stanley) for its failure to provide best execution to certain retail orders for over-the-counter (OTC) securities.

ADA Group company Reliance Capital's share has touched an all-time high of Rs 779 on Bombay Stock Exchange, surging nearly five percent in intra-day trade on market speculation fuelled by reports that global financial giants are keen on buying stake in the company's mutual fund business.

Magic happens on Wall Street when Warren Buffett decides to buy a stock. A few weeks ago the day Buffett made the buy on shares of Burlington Northern Santa Fe the stock popped $5.36 to $88.08 as investors celebrated the fact Buffet's company Berkshire Hathaway would own almost 40 million shares. But the pop was not over. As more small investors rushed into the market, the stock rose to $91.83.

U.S. stocks pointed to a lower opening in the U.S. on Wednesday, as a mixed batch of earnings reports led some traders to take profits after two weeks of gains in the Dow Jones industrials.

Consumers association Choice says a big jump in the number of bankrupt Australians reinforces the need for tougher rules on finance brokers.

The head of the New York Stock Exchange has launched a thinly veiled attack on the London Stock Exchange over its willingness to allow Russian companies to list, the Telegraph web-site reported on Wednesday.

On April 4, NYSE Euronext begins trading in Paris and New York as a fully merged company, the world's first truly global stock exchange group, under the ticker symbol "NYX."

R Split III Corp. is pleased to announce the exchange ratios for the Company's exchange option with respect to its offerings of class A capital shares and class A preferred shares. Under the Exchange Option, prospective purchasers could exchange common shares of Royal Bank of Canada for Capital Shares and Preferred Shares together in Units (consisting of two Capital Shares and one Preferred Share) or for Capital Shares.

ING Canada announced that all conditions of its substantial issuer bid to repurchase up to $500 million of its common shares have been satisfied and that it has taken up C$500 million worth of common shares at a price of C$54.00 per share. The shares taken up represent approximately 6.9% of the common shares currently outstanding.

The American Stock Exchange began trading Morgan Stanley's 8% SPARQS Linked to Archer- Daniels- Midland Company.

Junior Gold Stocks
UNIGOLD INC. ANNOUNCES AN UPDATE OF ITS EXPLORATION PROGRAM FOR 2007 AND TECHNICAL PROPERTY TOUR ON ITS 100 PERCENT OWNED PROPERTY IN THE DOMINICAN REPUBLIC

Investors put more money into mutual funds that advertise, but in the end these customers pay a high price.