On Friday the SEC announced that the NYSE Agreed To Settle Charges By Paying First-Ever SEC Financial Penalty Against An Exchange. This miniscule $5million fine was paid by the NYSE, without admitting or denying the SEC’s charges:
SEC Regulation NMS (National Market System) prohibits the practice of improperly sending market data to proprietary customers before sending that data to be included in what are known as consolidated feeds, which broadly distribute trade and quote data to the public. This ensures the public has fair access to current market information about the best displayed prices for stocks and trades that have
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