September 27, 2005
NYSE member charged after alleged threat call
By Scott Malone
NEW YORK (Reuters) - A New York Stock Exchange member
accused of threatening the life of another member over the
exchange's proposed acquisition of Archipelago Holdings Inc.
was charged on Tuesday in New York City Criminal Court with
aggravated harassment and attempted coercion.
Edward Reiss, 65, could face up to a year in prison if
convicted of the misdemeanor charges, according to Sherry
Hunter, a spokeswoman for Manhattan District Attorney Robert
Reiss' attorney did not immediately return a call seeking
According to the court papers, on July, 19 Reiss left a
threatening voice-mail message at the office of a lawyer
representing seatholder William Higgins, who has filed a legal
challenge to the proposed NYSE-Archipelago deal, claiming it
undervalues the 2-century-old exchange.
The message said, according to court papers, "If this deal
doesn't go through (Higgins) better have somebody start his
car, because he's out of his mind."
Reiss was arrested on August 29, and was released on his
own recognizance. A resident of Scarsdale, New York, he has
been a member of the NYSE since 1973. His trial was set for
A spokesman for Higgins did not return a call seeking