NYSE Fined $14 Million by SEC for Reg SCI Violations

The exchange settles after multiple investigations conducted into outages and systems issues over past several years.


The Securities and Exchange Commission (SEC) charges stem from five separate investigations—which include violations of Regulation Systems Compliance and Integrity (Reg SCI) and Regulation National Market System (Reg NMS) codes—and include NYSE, NYSE Arca and NYSE American, which neither admitted nor denied the findings in the SEC’s order.

The charges are significant because they represent the first filed for violations of Reg SCI, a series of rules designed to govern how securities exchanges

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Waters Wrap: T+1 and too many proposals

Anthony believes that there’s a growing chasm emerging between regulators, senior business execs, and technologists—which is especially evident when it comes to the T+1 debate.

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