Firm broke proxy-handling rules
The firm charged excessive fees and improperly maintained customers in non-managed fee-based accounts
The new system includes expanded and innovative order types along with greater transparency, speed and reliability
Stock exchange moves ahead with mergers
NYSE Regulation Inc. announced today that it has censured and fined four firms for violations of new short-selling rules.The regulator reported that it has sanctioned Daiwa Securities America Inc., Goldman Sachs Execution & Clearing LP, Citigroup Global Markets Inc., and Credit Suisse Securities (USA) LLC for operational deficiencies and supervisory violations concerning their compliance with […]
The NYSE Group Inc. announced the acquisition of trading technology via a transaction with MatchPoint Trading Inc., a financial services technology company specializing in call market trading and technologies.MatchPoint’s trading technology will enhance the suite of crossing services provided by the NYSE in the first quarter of 2007. The terms of the transaction were not […]
Profits generated by New York Stock Exchange firms rocketed ahead in the first quarter, according to new data.The NYSE announced yesterday that its member firms that conduct business with the public reported first-quarter 2006 after-tax profits of US$3.08 billion and revenues of US$77.56 billion, compared to US$1.7 billion in after-tax profits on revenues of US$49.22 […]
NYSE Regulation Inc. announced today that it has censured and fined Van der Moolen Specialists USA LLC US$3.5 million for the misconduct of its stock loan department, which has since been closed, and for related supervisory deficiencies and books and records violations. During the relevant period, the stock loan department engaged in numerous transactions at […]
Société Générale will advise NYSE on its proposed merger with Euronext N.V.
Combination creates global exchange