Just saw the SEC hit NYSE with a $9M fine over that 2023 trading mess. Honestly didn't realize it was that bad - apparently their systems went haywire on January 24 and they couldn't even run opening auctions for like 2,800 stocks. The crazy part? They didn't even know what was happening for 90 minutes. Primary and backup systems both fired up at the same time and the whole thing just broke. Ended up canceling thousands of trades and freezing 84 securities. The SEC basically said NYSE had zero procedures to actually check if their auctions were working, which is wild for an exchange that size. No written policies to catch this stuff? That's the kind of operational gap that makes you wonder what else could slip through. Definitely a wake-up call on infrastructure oversight.

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