SEC charges 14 options trading specialist firms

  • Posted: 04 March 2009 03:03 PM

    Washington, D.C., March 4, 2009 - The Securities and Exchange Commission today brought enforcement actions against 14 specialist firms for unlawful proprietary trading on several regional and options exchanges. The firms agreed to settle the SEC’s charges by collectively paying nearly $70 million in disgorgement and penalties.

    Press release

    I don’t see our favourite TOS there, but maybe I don’t know all their names!

         
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    Posted: 04 March 2009 03:32 PM #1

    sleepytoo - 04 March 2009 07:03 PM

    Washington, D.C., March 4, 2009 - The Securities and Exchange Commission today brought enforcement actions against 14 specialist firms for unlawful proprietary trading on several regional and options exchanges. The firms agreed to settle the SEC’s charges by collectively paying nearly $70 million in disgorgement and penalties.

    Press release

    I don’t see our favourite TOS there, but maybe I don’t know all their names!

    70 million is probably chump change for these guys…