Van der Moolen
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| Van der Moolen NV. | |
|---|---|
 |
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| Type | Public |
| Founded | Amsterdam, The Netherlands (1892) |
| Headquarters | Keizersgracht 307, Amsterdam, The Netherlands |
| Key people | Richard den Drijver, CEO |
| Industry | Financial services |
| Products | Trading |
| Revenue | ▲ EUR110.8 million (2007) |
| Net income | ▼ EUR 77.7 million (2007) |
| Total equity | US $1040 million (2007)[1] |
| Website | www.vandermoolen.com |
Van der Moolen is a Dutch equity trading firm, with its headquarters located in Amsterdam. They are mainly active in the United States and in Europe, particularly in the Netherlands, France, Germany, Switzerland and the United Kingdom.
On the New York Stock Exchange, Van der Moolen served as specialist until 2007 when it sold the activities to Lehman Brothers[2]. In 2003, Van der Moolen became subject to an investigation by the SEC on allegations of front running. In 2004, Van der Moolen reached a settlement with the SEC and paid a fine of $57.7 million. Some employees have been convicted of fraud. [2]
On August 1, 2006, a former trader with Van der Moolen, Robert Scavone Jr., was acquitted of charges of front running public orders in Eli Lilly and Company. The jury deliberated only 45 minutes before reaching this verdict.
Van der Moolen shares are listed on the Euronext Amsterdam exchange.
[edit] External links
[edit] References
- ^ [1] Businessweek, VDM
- ^ Lehman Swipes Up Van der Moolen Specialist Ops, 247wallst.com, december 4th 2007
