Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, July 16, 2008

Two NYSE Specialists Settle Illegal Trading Practices Proceedings

Two NYSE specialists settled SEC administrative proceedings charging them with illegal trading practices (interpositioning and trading ahead) from 1999 through June 30, 2003.  In one proceeding, the specialist was barred from the industry and agreed to pay a $100,000 civil penalty; in the other, the specialist was censured and agreed to pay a $75,000 penalty.

http://lawprofessors.typepad.com/securities/2008/07/two-nyse-specia.html

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