NYSE Regulation the regulatory body of NYSE Euronext Inc., announced disciplinary actions against four firms and three individuals.
Goldman Sachs Execution and Clearing LP of Jersey City, N.J. was fined $105,000 for failing to have surveillance procedures in place to monitor the routing and execution of odd lot orders.
An odd lot order is an amount of a security that is less than the normal unit of trading for that particular security.
Ronin Capital LLC, a Chicago-based equity trading firm, was fined $200,000 for short selling violations and inadequacies in both supervision and written supervisory procedures.
Pearson Capital Management LLC of Chicago was fined $5,000 for failing to maintain continuous equities limit orders on the NYSE Arca Marketplace in each security which the firm is a registered market maker.
Penn Mont Securities, a Paoli, Pa.-based equity trading firm, was fined $3,200 for inadequate surveillance and supervision.
Each of the firms agreed to the penalties without admitting nor denying any guilt.