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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.
July 16, 2008 in SEC Action | Permalink
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