Arab Today, arab today sec fines nyse 45m over lax market oversight
Last Updated : GMT 14:02:48
Arab Today, arab today
Arab Today, arab today

SEC fines NYSE $4.5m over lax market oversight

Arab Today, arab today

Arab Today, arab today SEC fines NYSE $4.5m over lax market oversight

New York - AFP

The New York Stock Exchange and affiliates will pay a $4.5 millionfine to settle charges it violated market rules, the Securities and ExchangeCommission said Thursday.The NYSE "engaged in business practices that either violated exchange rules orrequired a rule when the exchanges had none in effect," the SEC said in a statement.The NYSE's affiliated routing broker Archipelago Securities was also charged.The NYSE agreed to hire an independent consultant to review its policies andprocedures and to pay, together with Archipelago, the $4.5 million penalty, the SECsaid.None of the parties charged admitted or denied the SEC's findings of violations that occurred from 2008 to 2012, which included failure to notify the agency of proposedrules and rules changes.The agency hit the stock exchange for permitting customers to place computersystems at NYSE data centers without having an exchange rule in place governingthe practice. So-called "co-location" services allow market participants to trade morequickly than from a greater distance.The NYSE did not file a proposed rule with the SEC on co-location and it chargedcustomers "disparate" rates for the service, the SEC said.SEC director of enforcement Andrew Ceresney said the NYSE's actions violated rulesfor ensuring non-discrimination among customers and uniform prices.Regulators also criticized NYSE for permitting trades from a so-called "erroraccount" containing securities positions that were the result of computer systemmalfunctions, unmatched orders or other mistakes.The NYSE permitted trading from these accounts despite not having rules in place toallow the practice, the SEC said. Moreover, the managers of the error account hadaccess to "material nonpublic information" on securities trades, it said.NYSE Euronext was acquired by Intercontinental Exchange last November.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sec fines nyse 45m over lax market oversight Arab Today, arab today sec fines nyse 45m over lax market oversight

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sec fines nyse 45m over lax market oversight Arab Today, arab today sec fines nyse 45m over lax market oversight

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday