New York (Dec. 9, 2002) -- Big Four firm Deloitte & Touche resigned as auditor to Newport, Calif.-based online ticker broker Inc., citing a business transaction involving affiliates of's largest subsequently hired PricewaterhouseCoopers as its new independent auditor.

According to a Securities and Exchange Commission filing, affiliates of the client’s largest shareholder agreed to buy a majority stake in a concern that would be an associated entity of a D&T member firm in the United Kingdom. Deloitte told the client that the deal would compromise independence. Deloitte had succeeded Andersen as auditor to on June 6.

-- Electronic Accountant Newswire staff

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