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 Wavelength
Wavelength Podcast Episode 165: Roman Ginis on Trade Execution
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.
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