RE: RE: RE: RE: RE: RE: high-frequencyhmmmmmm
that link doesnt work right......damn it!!
Ok...I'll just post the article then...
DOW JONES NEWSWIRES
The regulatory arm of the New York Stock Exchangelevied fines for trading violations against LaBranche & Co. (LAB)and TradeBot Systems Inc., a Kansas City trading outfit.
All consented to the findings without admitting or denying guilt.
NYSE Regulation said Wednesday in its monthly regulatory reportthat it imposed a $175,000 fine and a $25,000 fine on LaBranche &Co. and Michael Ayres for multiple penalties organized into threecases. The firm's misdeeds, according to the regulator, was failing togive precedence to options orders it didn't have an interest in. ForAyres, he allegedly "inappropriately 'froze' the NETS Display Book,thereby failing to maintain a fair and orderly market."
Tradebot Systems, which uses computer programs to take advantage ofsmall price discrepancies in buying and selling stocks, paid a $125,000fine for short-selling violations.
-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com