NYSE To Adopt FINRA Standards On Deceptive Pricing

Law360, New York (December 21, 2011, 7:41 PM EST) -- The New York Stock Exchange proposed a new rule Wednesday that would adopt a Financial Industry Regulation Authority rule that bars the publication of manipulative or deceptive quotations or transactions.

NYSE said it believes the adoption of FINRA Rule 5210 will strengthen FINRA's ability to bring sanctions on behalf of the exchange against a member organization for engaging in manipulative forms of quoting behavior such as quote stuffing and layering.

“The exchange believes that the proposed rule change would augment FINRA’s ability on behalf of the...
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.