New York Stock Exchange to pay $5.6m to settle SEC charges
Published on May 1, 2014 11:56 PM
WASHINGTON (REUTERS) - The New York Stock Exchange and several of its affiliates will pay a US$4.5 million (S$5.6 million) penalty to settle civil charges over what US regulators say were repeated failures to comply with exchange rules and federal laws.
The Securities and Exchange Commission said that NYSE engaged in a series of different business practices that either violated rules or were conducted without having a rule in place to permit such activity.
The exchange operator and an affiliated routing broker are settling the charges without admitting or denying the allegations.