On August 13, the SEC announced a proposed plan and agreement among 10 self-regulatory organizations to centralize insider trading surveillance, investigation, and enforcement under NYSE Regulation, Inc. (NYSE Regulation) and the Financial Industry Regulatory Authority, Inc. (FINRA). Currently, each equity exchange is responsible for surveillance of trading on its market and any investigations and enforcement actions involving its members.
FINRA and the following equity exchanges are parties to these agreements:
- American Stock Exchange LLC
- Boston Stock Exchange, Inc.
- CBOE Stock Exchange, LLC
- Chicago Stock Exchange, Inc.
- International Securities Exchange, LLC
- NASDAQ Stock Market, LLC
- National Stock Exchange, Inc.
- New York Stock Exchange, LLC
- NYSE Arca Inc.
- Philadelphia Stock Exchange, Inc.
- NYSE Regulation, Inc. (acting under authority delegated to it by NYSE
The SEC’s full release on the plan seeking public comments is available here.