In this issue of CFWD we discuss:

- Office of the Chief Accountant Issues Letter Expressing Its Views on the Appropriate
  Application of the Stock Option Accounting Literature
- SEC Approves CBOE STOC
- NYSE Proposes Changes to Rules Regarding Block Cross Transactions
- NYSE Amends Cross-Margining Proposal
- "Nonfraud" Securities Act Claims Must Be Pled With Particularity When Misrepresentation
  Claimed Is Also Alleged to Support Securities Fraud Claims
- Automatic Adjustment to Conversion Price Not A "Purchase" For Purposes of 16(b) Claim
- Clearing Member Does Not Have Standing to Pursue Commodities Exchange Act Claims  
  Against Customer, Exchange, or Clearing House
- Commodity Futures Trading Commission Proposes Amendments to Rules Concerning
  Introducing Broker Financial Reports