NYSE Receives $4.5 Million Slap on the Wrist For Infractions

May 2, 2014

The world's largest stock market, the New York Stock Exchange, is in a spot of trouble with the SEC. As a self-regulatory organization, the exchange, and its routing broker Archipelago Securities, failed to comply with trading rules and federal regulation applicable to such bodies. For those infractions, the exchange agreed to settle the charges by retaining an independent consultant and paying a $4.5 million penalty, more a slap on the wrist for an exchange with market cap over $16 trillion.