{"id":347508,"date":"2018-03-06T15:50:13","date_gmt":"2018-03-06T20:50:13","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=347508"},"modified":"2019-11-13T19:58:25","modified_gmt":"2019-11-14T00:58:25","slug":"three-nyse-exchanges-reach-us14-million-settlement-with-the-sec","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/from-the-regulators\/three-nyse-exchanges-reach-us14-million-settlement-with-the-sec\/","title":{"rendered":"Three NYSE exchanges reach US$14-million settlement with the SEC"},"content":{"rendered":"<p>A trio of exchanges operated by NYSE Group Inc. (NYSE) will have to pay US$14 million to resolve allegations of several securities law violations, including the imposition of improper trading halts.<\/p>\n<p>The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it has charged the New York Stock Exchange, NYSE Arca and NYSE American with various regulatory failures, including the first ever charge of violating rules designed to shore up U.S. market infrastructure. The SEC says the charges are the result of five separate investigations.<\/p>\n<p>The exchanges agreed to settle the charges without admitting or denying the findings in the SEC\u2019s order, which includes allegations that the NYSE exchanges violated various rules,\u00a0such as requirements regarding business continuity and disaster recovery.<\/p>\n<p>The violations include erroneously implementing a market-wide regulatory halt and applying price collars during unusual market volatility without having a rule to allow the action, according to the SEC\u2019s order.<\/p>\n<p>\u201cExchanges play an important role in protecting investors,\u201d says Stephanie Avakian, co-director of the SEC\u2019s division of enforcement, in a statement. \u201cFor retail investors to have confidence in our markets, exchanges must provide accurate information and comply with legal requirements, including being equipped for unexpected market disruptions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYSE, NYSE Arca and NYSE American were charged with various regulatory failures stemming from five separate investigations<\/p>\n","protected":false},"author":38972,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2324,2312],"tags":[2763],"yst_prominent_words":[6370,20610,20609,17498,17446,13505,11853,11717,11235,8420,7722,6843,1695,6237,5382,4996,2113,1804],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/347508"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38972"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=347508"}],"version-history":[{"count":1,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/347508\/revisions"}],"predecessor-version":[{"id":347510,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/347508\/revisions\/347510"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=347508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=347508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=347508"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=347508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}