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Article: Williams Cos. Could Lose Trade License.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 6, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Russell Ray, Tulsa World, Okla. Knight Ridder/Tribune Business News
Jun. 6--Shares of Williams Cos. Inc. took another dive Wednesday after federal regulators threatened to revoke the company's trading rights, saying Williams did not provide a straightforward response to an inquiry about abusive trading practices.
The share price of Tulsa-based Williams plunged $2.09, or 18.6 percent, to close at $9.12, the lowest in more than seven years.
"It's trading in the secondary market like it's junk," said Jeff James of Edward Jones in Tulsa.
The Federal Energy Regulatory Commission said Tuesday that Williams is one of four companies that ...