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The American Stock Exchange® (Amex®) announced today that that it has reached a settlement with the Securities and Exchange Commission related to inadequate regulatory oversight that occurred under the previous ownership and administration.
“The SEC settlement represents an important step in moving forward and putting our past regulatory issues behind us,” said Neal Wolkoff, Amex Chairman and Chief Executive Officer. “The Amex is committed to providing a high quality marketplace and we will continue to work closely with the SEC to enhance our regulatory program. We have taken key initiatives over the past two years to improve all areas of the Exchange and regulation has been a top priority.”
