Five New York Stock Exchange specialist firms agreed to pay $241.8 million to settle charges that they violated SEC and NYSE rules by executing trades for their dealer accounts before customer orders, the SEC announced today. The five firms are: Bear Wagner Specialists; Fleet Specialist; LaBranche; Spear, Leeds & Kellogg Specialists; and Van der Moolen Specialists USA. The firms neither admitted nor denied wrongdoing under terms of the settlement with the SEC.
NYSE specialist firms pay $241 million in settlement
Sponsored
White Papers
Sponsored Content
Partner Content