NYSE paying $5M fine to settle charges on data

NYSE paying $5M fine to settle charges on data

By MARCY GORDON The Associated Press
Published Sep 14, 2012 01:35PM MDT
Washington • The New York Stock Exchange is paying $5 million to settle federal civil charges that it gave some customers an unfair head start by providing them with trading data ahead of the wider public. It marked the first time the Securities and Exchange Commission ever imposed a fine on an exchange. The NYSE and its parent NYSE Euronext also agreed in the settlement to hire an independent consultant to review their systems for delivering market data. They neither admitted nor denied the SEC...
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