N.Y. Exchange Suspends Boesky

Ivan Boesky, the speculator charged with insider trading a month ago, was suspended as a member of the New York Stock Exchange today and barred from associating with other members.

The exchange announced the actions in a statement immediately after the close of trading. On Nov. 14 Boesky paid a $100-million penalty to settle civil charges of insider trading leveled by the government and agreed to plead guilty to an unspecified criminal charge. The exchange took no action of its own at the time, but cooperated in a federal investigation of his trading activities.