SECURITIES

Amex Will Delist Conversion Industries: The American Stock Exchange has decided to move forward to delist the shares of Pasadena-based Conversion Industries Inc. for allegedly providing insufficient disclosure to investors. The decision came after the company argued against delisting at hearings conducted by the exchange. The firm now has five days to appeal the delisting. Conversion’s offices were closed Friday. Amex said it halted trading in the company’s shares on Oct. 12, and began delisting procedures. Conversion is a merchant bank that invests in small companies, advises their management and then takes them public by spinning off shares to Conversion shareholders.