NYSE's Regulatory Arm Comes Out Swinging In April

Law360 (April 12, 2006, 12:00 AM EDT) -- Barely a month after the New York Stock Exchange transformed into a for-profit business, the regulatory arm of the NYSE has taken disciplinary action against five firms and five individuals, signaling to critics that enforcement is still a top priority.

NYSE Regulation Inc. released a list of the punitive actions taken on Wednesday, accusing the group of an array of securities abuses, including violations of the NYSE allocation policy and a failure to supervise improper trading practices.

The news comes only a few weeks after the...
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