The fine seems to me to be very little…
It’s no wonder so many on Main Street believe the stock market is rigged.
Adding to the crisis of confidence on Wall Street, the New York Stock Exchange admitted yesterday that it gave select clients a major trading advantage over average investors.
The Big Board agreed to cough up $5 million and make a number of fixes to settle charges by the Securities and Exchange Commission that it delivered precious trading data to paying clients ahead of everyone else.
While paltry in terms of dollars, the fine marks the first time a major exchange has been slapped with a monetary penalty by Wall Street’s biggest watchdog.
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