These recordings are now the center of the spreading scandal.
William H. Donaldson, the commission's chairman, promised to respond to the spreading scandal with new regulations to be proposed next month.
But critics contend that the spreading scandal in the $7 trillion mutual fund industry proves that the trustees have not fulfilled their obligations.
An improved clearing house, they say, would use outside audits and new encryption technology to determine exactly when intermediaries receive buy and sell orders.The spreading scandal will be expensive for the industry.
In the rapidly spreading scandal of LIBOR (the London inter-bank offered rate) it is the very everydayness with which bank traders set about manipulating the most important figure in finance.
The JSA is hoping that its first sacking of an active Ozeki will draw a line under the spreading scandal ahead of the annual Nagoya tournament, which starts next weekend.
Mr. Chen was dismissed from office in 1995 over a spreading scandal in Beijing; in 1998 he was tried and sentenced to 16 years in prison on charges of corruption and dereliction of duty.
Suggestions have been made that they are in cahoots - though Drudge made his name spreading scandal about Bill Clinton and Miramax's Harvey Weinstein is one of the former President's best friends.
