FINRA will retain the cross-market surveillance and investigation functions and will continue to conduct the registration, testing, and examinations of broker-dealer members of NYSE Group’s exchanges.
“NYSE Group supports the independent decision by NYSE Regulation’s board that NYSE Regulation will directly perform the surveillance, investigation and enforcement functions for NYSE Group’s exchanges as we believe the effectiveness of these functions is integral to the operation of our exchanges and to market integrity, fairness and investor confidence,” said NYSE Group President Thomas W. Farley. “NYSE Regulation is expanding its market surveillance, investigation and enforcement capabilities to oversee and enforce a robust regulatory program for NYSE Group’s exchanges. We believe our expertise and proximity to the markets being regulated will enhance effective surveillance and rule enforcement,” said NYSE Regulation CEO Mary Brienza.
Full press release
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