Massive fines as NYSE concludes investigation

The Securities and Exchange Commission and the New York Stock Exchange has announced settlement details against five NYSE specialist firms over improper trading activities.

The firms will pay a total of $241,823,257 (€198m) in penalties and disgorgement, consisting of $87,735,635 (€71m) in civil money penalties and $154,087,622 (€126m) in disgorgement.