An industry expert told Bloomberg that the latest penalty imposed on the New York Stock Exchange by the US Securities and Exchange Commission simply means that the regulator is emphasizing that it will ensure that trading exchanges have stricter rules in place to curb potential trading crimes or violations.
According to the plaintiffs of a social inequality lawsuit filed against the city of San Francisco over the private shuttle buses of Silicon Valley companies, it was not fair that the city only collects half of the amount it charges per bus stop on public transport and that it chose to exempt private shuttles from an environmental impact study as mandated by state law.
The National Association for the Advancement of Colored People, whose Los Angeles charter is supposed to give an award to disgraced Los Angeles Clippers owner Donald Sterling, issued a statement saying that its unit president Leon Jenkins has stepped down to distance the civil rights group from the negative pressure in the wake of the racial discrimination scandal.
New York Attorney General Eric Schneiderman's subpoenas allegedly target trading exchanges to shed light on whether high-frequency trading violates insider trading laws, Bloomberg reported.
