Mr. Marchman takes charge of the 140-person division that is responsible for monitoring trading in NYSE-listed securities and investigating activity for compliance with Exchange and federal securities laws that might involve insider trading, market manipulation, market-maintenance obligation, and governing members’ on-floor trading and market procedures. Market Surveillance is also responsible for floor-member education, market quality, intermarket communications and rule development.
“Throughout his career, Robert has made tremendous contributions to Enforcement and to the Exchange’s regulatory program,” Mr. Ketchum said. “I am confident that he will be outstanding in leading the Market Surveillance division as we respond to ongoing regulatory challenges and prepare for the dynamic changes brought on by the Exchange’s hybrid market proposal.”
Mr. Marchman, who was promoted to senior vice president, Enforcement, on May 18, 2004, joined the NYSE’s Enforcement division in 1989 as an enforcement director and was appointed a vice president in February 1994. Prior to joining the Exchange, Mr. Marchman was former branch chief in the Securities and Exchange Commission’s Division of Enforcement in Washington, D.C. Mr. Marchman is a magna cum laude graduate of Allegheny College, where he was inducted into Phi Beta Kappa, and received his J.D. from the University of Pennsylvania. In 2000, he attended the Harvard Business School’s Program for Management Development. Since 1999, Mr. Marchman has chaired the NYSE’s Diversity Council, an advisory group that counsels Exchange management on diversity-management issues. Mr. Marchman, a native of Brooklyn, NY, and his wife, Fay, have three children
