In his new role, Mr. Malitzis will be responsible for the surveillance of all trading at the point of sale for compliance by individual specialists and specialist member organizations with NYSE rules and federal securities laws. He will be responsible for reviewing and analyzing sophisticated, automated programs to ensure their adequacy to detect and prevent dishonest conduct.
“John Malitzis brings a wealth of experience in self-regulation and operation of equities trading,” said Mr. Marchman. “He will be key leader of my Market Surveillance team as we work with specialists and floor brokers who are committed, as are we, to create a culture of compliance.”
At Citigroup, Mr. Malitzis advised senior management and trading personnel on legal and regulatory matters related to Citigroup’s cash and listed equity derivatives, was responsible for ensuring compliance with applicable U.S. Securities and Exchange Commission (SEC) and self-regulatory organization (SRO) rules, interfaced with SEC and SRO regulatory staff, and was active in market structure issues. He was a member of the firm’s best execution committee.
Mr. Malitzis spent over eight years at NASD and The Nasdaq Stock Market, serving in multiple capacities. He joined NASD’s Office of General Counsel in 1995, where he focused on enforcement and disciplinary matters. In 1997, he joined Nasdaq’s Office of General Counsel, where he initially worked on a number of initiatives related to NASD/Nasdaq’s compliance with SEC-mandated undertakings. Specifically, these included rule changes regarding the structure of the Nasdaq marketplace, certain governances and process changes, and, with NASD Regulation, the development of a new qualification examination for Nasdaq market makers and OTC traders. Throughout the process, Mr. Malitzis worked with senior management and an SEC-mandated independent consultant. He later served as Vice President for Policy and Market Strategy, where he focused on enhancements to Nasdaq trading systems, and inter-market relations.
Prior to NASD/Nasdaq, Mr. Malitzis worked for the Commodity Futures Trading Commission’s Division of Enforcement, where he investigated and prosecuted manipulation and trading practice enforcement cases. He also served as a law clerk and taught law school at the Catholic University of America.
John is a graduate of Boston College Law School, and the State University of New York at Albany, Summa Cum Laude. He is member of the bars of New York, Massachusetts, and the District of Columbia.
