Ameritrade Holding Announces Enhanced Policy Governing Insider Sales of Stock; Shareholders To Be Informed In Advance of Stock Sales.Business Editors, High-Tech & Security Writers OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--Dec. 28, 1999 Ameritrade Holding Corporation (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ), one of America's leading online brokerage firms, today announced that key executives and board members wishing to sell stock awarded through incentive programs must announce their intentions in advance. In addition, the guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. for sale allow them to sell a maximum of five percent of their incentive awarded stock during the following calendar year. These sales must be announced by December 31st of the preceding year, and be conducted in four equal installments during company-wide open windows. Any stock awarded through incentives and held for ten years or more can be sold at any time. This policy further enhances the previously announced policy dated March 10, 1999, outlining the sale of stock by company insiders. "For several months now, Ameritrade has had a policy in place to inform our shareholders when insiders intend to sell stock. These new guidelines strengthen the commitment our executives and board members have made to the shareholders," said J. Joe Ricketts, chairman and co-chief executive officer of Ameritrade Holding Corporation. Ameritrade Holding Corporation is a pioneer in the discount and online brokerage industry. The Company provides brokerage services and clearing services to self-directed individual consumer investors and other financial institutions through its subsidiaries. Subsidiaries of Ameritrade Holding include: Ameritrade (Inc.) (www.ameritrade.com), a leading online discount brokerage firm discount brokerage firm A brokerage firm that discounts commissions for individuals to trade securities. Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms. ; Accutrade, Inc. (www.accutrade.com), a discount brokerage firm delivering superior levels of personal service and support to its clients; AmeriVest, Inc. (www.amerivestinc.com), which provides third-party discount brokerage A discount brokerage is a business that charges clients significantly lower fees than traditional brokerages, typically offering comparatively fewer services and/or advice. services and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to commercial banks, credit unions and thrift institutions Thrift institution An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions. ; as well as Advanced Clearing, Inc. (www.advancedclearing.com), a securities clearing firm providing clearing services to each subsidiary as well as other financial institutions. For more information on the Company and its subsidiaries, visit the Company's web site at www.amtd.com. For more information on Ameritrade Holding Corporation, visit the Company web site at www.amtd.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion