Violation Tracker Individual Record

Company: 
New York Stock Exchange, Inc.
Current Parent Company: 
IntercontinentalExchange Group
Penalty: 
$20,000,000
Year: 
2005
Date: 
April 12, 2005
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

New York Stock Exchange, Inc. agreed to set up a $20 million fund to pay for regulatory audits as part of a settlement of allegations that it failed to police specialists, who engaged in widespread and unlawful proprietary trading.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Georgia
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.