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Instinet Fined for Allegedly Defying Market Access Rule

April 19, 2018 by Louis Chunovic

Instinet Fined for Allegedly Defying Market Access Rule

Institutional agency-only broker Instinet, LLC has been censured and fined a total of $1.575 million for alleged violations of various provisions of the market access rule (15c3-5 of the Securities Exchange Act of 1934), and related exchange supervisory rules. Instinet, founded in 1969, is a Nomura company. Nomura describes itself as an “Asia-headquartered financial services… Read More >>

Filed Under: Operational Risk, Risk Management, General Interest, Governance, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: alleged violations, BOX Options Exchange, Cboe BZX Exchange, financial risk, fined, FINRA, Instinet, Investors Exchange, Nasdaq Stock Market, New York Stock Exchange, regulatory risk, trading system

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