Thursday, June 15, 2006

FMR. NYSE CHIEF TOOK FIFTH --
Richard A. Grasso, the former chief executive of the New York Stock Exchange, faced questions from federal regulators about whether he prodded traders to support the American International Group's share price while he was head of the exchange and its regulatory unit, government documents released yesterday disclosed.

During Mr. Grasso's deposition, given before the Securities and Exchange Commission in June 2005, he repeatedly invoked his Fifth Amendment right against self-incrimination, in spite of warnings from S.E.C. lawyers that doing so could be used against him in a civil case.