Former AMEX Chief Denies SEC Allegations

Law360, New York (April 18, 2007, 12:00 AM EDT) -- The former head of the American Stock Exchange has formally denied any wrongdoing in connection with allegations that the exchange violated federal securities laws and record-keeping requirements.

Salvatore Sodano, who served as chairman and chief executive of the AMEX from 1999 to 2005, on Monday filed a response to the allegations with the U.S. Securities and Exchange Commission, which has filed administrative charges against him.

The SEC has alleged Sodano and other AMEX officials did not enforce rules designed to ensure that customers receive the best...
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