NYSE to pay $14m in penalties over market disruptions

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The US Securities and Exchange Commission has charged the New York Stock Exchange and two affiliates with multiple violations related to market events including the tumult on August 24 2015, when selling pressure at the session open resulted in chaotic trading, delays and suspensions cover trading malfunctions and glitches that struck three times during 2015. The U.S. SEC charged the exchanges over the trading misdemeanours the violations include erroneously implementing a market-wide regulatory halt, negligently misrepresenting stock prices as “automated” despite extensive system issues ahead of a total shutdown of two of the exchanges, and applying price collars during unusual market related to high-profile events in recent years that have disrupted trading in the world's.

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