News Releases |
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For Immediate Release
SEC Release No. 2004-99
Washington, D.C., and New York, July 26, 2004 – The U.S. Securities and Exchange Commission and the New York Stock Exchange today announced the initiation and settlement of enforcement actions against two NYSE specialist firms. The firms will pay a total of $5.2 million in penalties and disgorgement, consisting of $1.7 million in civil money penalties and $3.5 million in disgorgement, and implement steps to improve their compliance procedures and systems. The two settling specialist firms are SIG Specialists, Inc. and Performance Specialist Group LLC. Previously, on March 30, 2004, the SEC and the NYSE had announced the initiation and settlement of enforcement actions with the other five NYSE specialist firms pursuant to which those five firms had agreed to pay more than $241 million in penalties and disgorgement.
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Hearing Panel Decisions (all .pdfs)
04-117 Performance Specialist Group, LLC |
