NYSE probes Vonage
Regulators at the New York Stock Exchange are investigating whether short sellers helped fuel the decline of Vonage Holdings Corp.'s share price since its initial public offering last month, according to a published report.
NYSE investigators have sent a letter to securities firms with questions focusing on how dealers may have facilitated short sales in the stock of the Internet phone carrier, according to a report Friday in The Wall Street Journal.
Source: Inside Bay Area
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