NYSE Regulation, Inc.
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| NYSE Regulation, Inc. | |
| Headquarters | New York, NY USA |
|---|---|
| Key People | Richard G. Ketchum |
| Web site | www.nyseregulation.com |
NYSE Regulation, Inc. is a not-for-profit corporation dedicated to strengthening market integrity and investor protection. A subsidiary of NYSE Euronext, the organization consists of three divisions: market surveillance, enforcement and risk, and listed company compliance.[1]
History
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On July 30, 2007, NYSE Regulation’s member regulation oversight functions were consolidated with NASD to form the Financial Industry Regulatory Authority (FINRA).[2]
Trading violations that occur on or through the systems and facilities of the NYSE Group will continue to investigated and prosecuted by NYSE Regulation’s Enforcement division. All enforcement actions filed with the NYSE Hearing Board by NYSE Enforcement prior to the consolidation will be prosecuted under NYSE rules and federal securities laws until concluded.
The NYSE Regulation board of directors is comprised of three NYSE Euronext directors, six otherwise unaffiliated with NYSE Euronext, and the NYSE Regulation CEO. The CEO of NYSE Regulation has primary responsibility for the regulatory oversight of the U.S. market subsidiaries within NYSE Euronext and reports solely to the NYSE Regulation board of directors.
The regulation board oversees all compensation decisions for Regulation employees and the nomination of directors to the Board of Regulation. When it comes to disciplinary actions, the decisions of NYSE Regulation and its board of directors are final, although subject to appeal to the Securities and Exchange Commission.
Key People
- Richard G. Ketchum, CEO
- Jim Draddy, Chief Regulatory Officer
- James Duffy, Executive Vice President and General Counsel
- John F. Malitzis, Executive Vice President, Market Surveillance
- Robert A. Marchman, Executive Vice President, Enforcement
- Janice O'Neill, Senior Vice President, Corporate Governance, Listed Company Compliance
- Glenn W. Tyranski, Senior Vice President, Financial Compliance, Listed Company Compliance
References
- ↑ About NYSE Regulation. NYSE Regulation. Retrieved on May 7, 2008.
- ↑ FINRA Rules. FINRA. Retrieved on May 7, 2008.
