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NYSE fined $9 mn by SEC over stock market glitch

The Sunday Guardian

|

March 08, 2026

The New York Stock Exchange has agreed to pay a $9 million civil fine to settle U.S. Securities and Exchange Commission charges over a computer glitch that disrupted the stock market open in January 2023, causing wild swings in the prices of blue-chip stocks.

- CORRESPONDENT

Friday’s settlement stemmed from a January 24, 2023, incident where the NYSE ran its primary and backup trading Rs systems Pillar Production and Pillar DR -- short for “disaster recovery” -- simultaneously by mistake.

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