The owner of the New York Stock Exchange warned that U.S. regulators may sue the company over its handling of a July 2015 glitch that halted trading on NYSE for nearly four hours and raised worries about the fragility of U.S. financial markets. The company, Intercontinental Exchange Inc., disagrees with the legal arguments of Securities and Exchange Commission investigators and has a “lot of defenses” against them, Chief Executive Jeffrey Sprecher said Tuesday on a conference call with analysts. ...
The Securities and Exchange Commission (SEC) is likely to file charges against the New York Stock Exchange (NYSE) relating to a botched software upgrade that stopped trading for nearly four hours on annual. Intercontinental Exchange, which owns NYSE, received a "Wells Notice" from the SEC but stated in its 8 July 2015 report that any enforcement action is "unknown at this time".