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NYSE Fined $14 Million by SEC for Series of Rule Violations

  • Includes how it behaved during 3 1/2 hour halt in 2015
  • Fine ties biggest ever imposed by regulator on a U.S. exchange
The New York Stock Exchange (NYSE) logo is displayed above the trading floor in New York.

Photographer: Jin Lee/Bloomberg

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The New York Stock Exchange and its sister markets were fined $14 million by U.S. securities regulators for a series of infractions including missteps in dealing with a 3 1/2 hour trading halt in July 2015 and a wild trading session that roiled exchange-traded funds a month later.

The exchanges didn’t have proper rules in place, violated some they did have and in some cases broke the law, the Securities and Exchange Commission said in an order released Tuesday. The fine was as big as one imposed against another market in January 2015, a penalty the SEC said was the largest ever against an exchange. The markets, all divisions of Intercontinental Exchange Inc., settled without admitting or denying the SEC’s findings.