NYSE Regulation, Inc., today announced that Robert Marchman has been appointed to lead its enforcement division, after the consolidation of NYSE Regulation’s member regulation with the NASD into the Financial Industry Regulatory Authority.

The enforcement division will continue to investigate and prosecute trading and other violations of exchange rules and federal laws or regulations, which occur on or through the systems and facilities of the NYSE Group. He will also oversee a new risk department.

Also, John Malitzis has been promoted to replace Marchman as head of the market surveillance division. Both men will report to NYSE Regulation chief executive officer Richard Ketchum.

“After running the market surveillance division for the past three years, Robert Marchman is returning home to enforcement, where he served with distinction for many years, to run that program,” said Ketchum. “Robert has done a wonderful job leading market surveillance during a critically challenging time. I look forward to him providing the same leadership to our new enforcement division.

“I am also pleased to announce that John Malitzis will take over as head of market surveillance. John has shown strong leadership in running the specialist and floor broker surveillance areas and has exceptional market knowledge and experience. His ability to work effectively with technology and the business side on the ever-changing Hybrid market environment, as well as with the SEC, perfectly places him to build on the legacy that Robert leaves,” Ketchum stated.

Prior to joining the exchange in 1989, Marchman, 49, was a branch chief in the U.S. Securities and Exchange’s Division of Enforcement in Washington, D.C. He began his career at the NYSE as an enforcement director and is currently an executive vice president.

Malitzis, 39, joined the exchange in October 2004 as vice president of specialist surveillance and was later promoted to senior vice president with added responsibilities of overseeing the floor broker surveillance, rule interpretations, and member education departments.

Previously, he was a senior vice president and associate general counsel for the institutional equities division of Citigroup Global Markets, Inc. From 1995 to 2003, he was employed by the NASD, where he ended his service as vice president in market services. From 1994-1995, Malitzis was a trial attorney at the Commodities Futures Trading Commission.