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

AMEX, SEC Reach Settlement

Law360 (March 22, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission reached a settlement with American Stock Exchange LLC Thursday, resolving SEC allegations that the AMEX violated securities laws and recordkeeping requirements.

Under the settlement, the AMEX will update its internal regulations to comply with securities laws and enhance its training program. Additionally, the exchange will pay $3 million over the next three years for annual audits conducted by an outside auditor to make sure it is complying with the settlement’s requirements.

According to the SEC, from at least 1999 until...
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.