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NYSE Regulation Could Charge More Specialists

Traders Magazine, October 2008

Peter Chapman

New York Stock Exchange Regulation, which charged 17 specialists with trading violations in 2005, could add more names to the list. The regulator is waiting for the Securities and Exchange Commission to finish its administrative proceedings against several former specialists (see related article). The cases stem from the trading ahead and interpositioning scandal of the early part of the decade that resulted in five specialist firms paying about $250 million in fines.

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