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NYSE Regulation's Enforcement division investigates and prosecutes violations of NYSE Amex Rules and applicable federal laws or regulations that occur on or through the systems and facilities of NYSE Amex. It does the same for NYSE Amex Options.
Enforcement cases stem from a variety of sources that include internal referrals, investor complaints, examinations of member organizations, and referrals from the U.S. Securities and Exchange Commission. Case types may include:
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failure to cooperate
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financial/operations
- insider trading
- market manipulation
- misconduct on the trading floor
- registration/qualification
- short sale violations
- supervisory violations
- books and records deficiencies, and
- other abusive trading practices.
Sanctions range from a censure or fine to a suspension, expulsion or bar. Disciplinary actions take effect after a decision by the Office of the Hearing Board--an independent division of NYSE Regulation that adjudicates all disciplinary actions. Appeals of Hearing Board decisions may be made to the NYSE Regulation Board of Directors and, thereafter, the SEC, U.S. Courts of Appeal, and U.S. Supreme Court. Cases outside of the NYSE’s jurisdiction are referred to the SEC or other regulatory agencies.
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