Defendant Name:
New York Stock Exchange LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Intercontinental Exchange, Inc.
SIC Code:
6231
CUSIP:
45866F10
Document Reference:
34-104934
Document Details
Legal Case Name
In the Matter of New York Stock Exchange LLC
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-And-Desist Order
Document Date
06-Mar-2026
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On March 6, 2026, the SEC instituted settled cease-and-desist proceedings against New York Stock Exchange LLC, stating: "This matter arises out of a January 24, 2023 event in which NYSE failed to run opening auctions for 2,824 NYSE-listed securities (“the 2,824 Securities”) due to a critical systems disruption. Instead, NYSE initiated continuous trading for those securities. NYSE’s failures caused market-wide impacts, including price-triggered restrictions on trading, market-wide trading pauses in 84 of the securities, and ultimately thousands of busted trades."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$9,000,000.00
Shared:
