We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Seven Trading Firms Fined $2.8 Million By NYSE

Law360 (January 17, 2007, 12:00 AM EST) -- A day after the New York Stock Exchange hit seven companies with a combined $2.8 million in fines for multiple trading violations, all seven have chosen to settle their shares of the penalty.

On Tuesday, the regulation arm of the NYSE said that seven “specialist” stock trading firms had violated NYSE rules on multiple occasions over a four-year period from 2003 through 2006.

The seven firms are units of Goldman Sachs Group Inc., LaBranche & Co., Bear Stearns Cos., Bank of America Corp., Kellogg Specialist Group,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.