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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION EXCHANGE ACT INDEPENDENT FLOOR BROKERS SECURITIES COMPLIANCE TRADING MEMBERS ACCOUNT UNDERTAKINGS DEEMS PURPOSES COMMISSION STAFF SURVEILLANCE YORK STOCK EXCHANGE PROCEEDINGS PURSUANT REGULATION REGULATORY MAKING FINDINGS SETTLEMENT VIOLATIONS COMPENSATION ARRANGEMENTS NYSE UNDERTAKES REGULATIONS THEREUNDER TRADING SCHEME TRANSACTIONS AUDIT TRAIL PERFORMANCE-BASED COMPENSATION PROCEDURES MANUALS INDEPENDENT CONSULTANT |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 41574 / June 29, 1999
Administrative Proceeding
File No. 3-9925
In the Matter of
New York Stock Exchange, Inc.,
Respondent.
ORDER INSTITUTING PUBLIC
PROCEEDINGS PURSUANT TO
SECTION 19(h)(1) OF THE
SECURITIES EXCHANGE ACT
OF 1934, MAKING FINDINGS
AND ORDERING COMPLIANCE
WITH UNDERTAKINGS
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest that public administrative
proceedings be instituted pursuant to Section 19(h)(1) of the
Securities Exchange Act of 1934 ("Exchange Act") against the New York
Stock Exchange, Inc. ("NYSE") to determine whether the NYSE violated
Section 19(g)(1) of the Exchange Act. In anticipation of this
proceeding, the NYSE has submitted an Offer of Settlement which the
Commission has determined to accept. Solely for the purpose of this
proceeding and any other proceedings brought by or on behalf of the
Commission or in which the Commission is a party, the NYSE, without
admitting or denying the Commission's findings except those contained
in Section III. A. below, which are admitted, consents to the entry of
this Order Instituting Public Proceedings Pursuant to Section 19(h)(1)
of the Securities Exchange Act of 1934, Making Findings and Ordering
Compliance With Undertakings.
II.
Accordingly, IT IS HEREBY ORDERED, that proceedings pursuant to
Section 19(h) of the Exchange Act be, and they hereby are, instituted.
III.
On the basis of this Order and the Offer of Settlement submitted by
SNIPPETS:
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