The New York Stock Exchange has stopped dealing with Satyam Computer Services after revelation of large scale financial misdoing in its business conduct. Shares of beleaguered Satyam Computer Services were not traded at NYSE as per the report from stock exchange.

The regulation officer at exchange said, "NYSE regulation is currently evaluating the news relating to Satyam and will continue to closely monitor further developments. Trading was halted prior to the opening of the market. The security will remain halted until further notice."

A US law body has also filed complaints against Satyam in the District Court for the Southern District of New York on the behalf of investors. The company and its executives have been charged with misleading investors and violating federal laws.

The company is listed with New York stock exchange as well as Bombay Stock Exchange and NSE in India. Its shares closed at $9.35 on NYSE on Tuesday. Its shares also declined at record low level Rs 39.95 with 78 percent decline at the Indian stock exchange following confession and resignation of its controversial Chairman, Ramalinga Raju. He admitted a revenue fraud worth Rs 6,592 crore, which is being considered as the biggest ever corporate fraud in the history of the country.

Meanwhile, various brokerage firms including Credit Suissie, Angel Broking and India Infoline have decided to suspend coverage of Satyam shares following reports of financial misdoing. Credit Suisse said, "This clearly indicates that the current financials of Satyam cannot be relied upon."