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SEC to consider stronger governance, disclosure requirements for stock exchanges

[JURIST] SEC Commissioners will vote Tuesday on whether to publish for public comment several proposed rules on the governance, ownership structure and required disclosures for national securities exchanges and registered securities associations that are self-regulating. The proposed rules were formulated following allegations of widespread violations by trading firms at the New York Stock Exchange and government sanctions against several other self-regulating exchanges. All seven specialist firms that operate on the floor of the NYSE were fined several millions of dollars by the SEC earlier this year for allegedly making illegal profits by putting their own trades ahead of other investors. Read the SEC public meeting agenda and watch a live webcast of the SEC meeting. AP has more.

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