On Friday, the U.S. Securities and Exchange Commission (SEC) announced that it had administratively fined the New York Stock Exchange (NYSE) $5 million (pdf) for allowing its private customers access to stock market information ahead of when it was available to the general public. This occurred from June 2008 to about mid-May 2010. The fine amounts to about a morning’s worth of revenue for the exchange.
One Response to “NYSE Pays a Paltry $5 Million Fine for Giving Private Customers a Trading Head Start”
Leave a Reply
You must be logged in to post a comment.