The Presidential Daily Brief


  1. SEC Fines New York Stock Exchange $4.5 Million

    The U.S. Securities and Exchange Commission has fined the NYSE $4.5 million for failing to abide by its own rules and operating without required regulations between 2008 and 2012. The NYSE and its affiliates have agreed to pay the fine — a fraction of the exchange’s daily trading — without confirming or denying the charges. The charges are more bad press in the wake of Michael Lewis’s recent book Flash Boys, which sparked debate about how fairly the market is structured.

    Sources: ForbesBloombergUSA Today

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