NASDAQ Cancels Trades In Lincoln Financial Media Parent
October 26, 2010 at 4:26 AM (PT)
LINCOLN FINANCIAL MEDIA's parent, insurance and investment giant LINCOLN NATIONAL CORP., was among 12 companies whose warrant trades were reversed by NASDAQ MONDAY.
The companies, including BANK OF AMERICA, CAPITAL ONE, FORD, FORD FINANCIAL SERVICES, HARTFORD FINANCIAL SERVICES GROUP, JP MORGAN CHASE, OWENS CORNING, PNC FINANCIAL SERVICES GROUP, TCF, TALBOTS, and WELLS FARGO, saw their warrants trade over 10% away from last week's closing prices in a two-minute period (9:28-9:30a (ET)) MONDAY.
The questionable LINCOLN NATIONAL trades came at $15.99/share and below. NASDAQ said that the decisions cannot be appealed.