NASDAQ Halts Bancinsurance Trading
NU Online News Service, Feb. 8, 12:59 p.m. EST?The NASDAQ Stock Market said today that it had halted trading of a small Ohio collateral protection insurer, Bancinsurance Corp., after its auditor said information the company provided couldn't be trusted.[@@]
Ernst & Young, the firm's independent auditor, said it was pulling its reports for the years 2001-2003 and wrote the company yesterday that it "does not believe it can rely on the representations of management at this time."
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