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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInNYSE Wants to Be the Marketplace for NFTs Just Like With Stocks – Bloomberg
The New York Stock Exchange is stepping into the nonfungible tokens market in earnest, with plans to do for digital assets what it does for stocks. The NYSE said in a regulatory filing with the U.S. Patent and Trademark Office that it wants to be a financial exchange for cryptocurrencies and NFTs that would compete […]
NYSE floor reopens after coronavirus shuts historic Big Board for two months
The New York Stock Exchange trading floor, closed since March 23, is partially reopening on Tuesday. “I’m ready,” floor trader Jonathan Corpina of Meridian Equity Partners said. “We have been waiting a long time, we are prepared. Our customers are ready.” Corpina acknowledged some trepidation about returning, a feeling of “walking into the unknown.” via […]
NYSE is closing trading floor in response to coronavirus spread – Business Insider
The New York Stock Exchange said on Wednesday it would temporarily close its iconic trading floors as measures aimed at slowing the spread of the novel coronavirus continue to force Wall Street to adapt business practices. NYSE said in a statement it would move to fully electronic trading starting on Monday, and would be initiating […]
SEC Probes Listings of Slack, Other Unicorns on NYSE – WSJ
The Securities and Exchange Commission is investigating the listings of Slack Technologies Inc. WORK 2.40% and other major companies on the New York Stock Exchange, in a probe looking at how trading was handled on the first day, people familiar with the situation said. SEC enforcement staff have recently sent letters including one seeking information […]
New York Stock Exchange fined by SEC over outages, repeat violations – MarketWatch
The New York Stock Exchange and two of its more specialized exchanges on Tuesday were fined by the Securities and Exchange Commission, for allegedly making up rules as they went along in the face of market volatility. The $14 million fine in part was the result of being a recidivist after previous violations were settled […]
SEC may sue NYSE over July 2015 trading blackout | New York Post
The Big Board is on notice. The New York Stock Exchange’s parent company announced on Tuesday that government investigators are likely to file civil charges relating to the 2015 blackout that ground stock trading to a halt for nearly four hours. via SEC may sue NYSE over July 2015 trading blackout | New York Post
The NYSE’s Rush to Judgment
The NYSE’s posture is disconcerting to say the least. No matter what caused the NYSE trading halt (cyberattack, bad leaver, software glitch, configuration difficulty, coding disruption or otherwise), it is not wise to rule out a cyberattack without first conducting an independent, truth-seeking investigation. And stating that the WSJ and United data breaches were not […]