Briefs
SEC cracks down on NYSE fraud
– In mid-April, the US Securities and Exchange Commission instituted administrative and cease-and-desist proceedings against 20 former New York Stock Exchange specialists for fraudulent and other improper trading practices. The regulator alleges that between 1999 and mid-2003 the specialists "pervasively executed proprietary orders for their firms’ proprietary accounts ahead of executable public customer or ‘agency’ orders that were placed through the NYSEOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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