Securities Law Prof Blog

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

Wednesday, August 6, 2008

NYSE Reviewing Large Market Orders Near Close

The Risk Group of NYSE Regulation is reviewing the general practices among member firms relating to the control environment for the handling of sizable market orders or other facilitation orders at or near the close that could have an adverse, manipulative impact on the closing price of the security.  A series of one-on-one meetings with selected firms will follow and may result in guidance to the industry.

Other Regulatory Action | Permalink

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