Exchanges Agree to Let FINRA, NYSE Investigate Insider Trading

  • United States
  • 08/20/2008
  • The Washington Post

Ten exchanges agreed to consolidate their insider-trading surveillance and investigation efforts, turning over the responsibility to the regulation arm of the New York Stock Exchange and the Financial Industry Regulatory Authority. The arrangement will eliminate the overlap that frequently arose when each exchange ran its own surveillance program, and it gives NYSE Regulation and FINRA greater jurisdiction to enforce market rules, said Richard Ketchum, chief executive of NYSE Regulation and chairman of Washington-based FINRA.

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  • American Express
  • Delta Airlines