SEC
Whistleblower
Attorneys

March 06, 2018

New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc.

Trading and Pricing

SANCTION AMOUNT: $14000000

Defendants: New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc.

Settlement of charges of multiple regulatory failures, including the first-ever charged violation of Regulation SCI. The charges arose, in whole or in part, from several disruptive market events, including an erroneously implemented trading halt, negligent misrepresentations of stock prices as “automated” despite extensive system issues ahead of a total shutdown of two of the exchanges, and price collars during unusual market volatility on Aug. 24, 2015, without a rule in effect to permit them.

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