Mandel Selected as the Independent Consultant to the NYSE

Of Counsel Barry Mandel has been selected as the Independent Consultant to the New York Stock Exchange and two related exchanges in connection with an enforcement action by the U.S. Securities Exchange Commission. Under this appointment, Mandel, along with Partner Bryan House and Senior Counsel Jon Friedman, will be assessing whether the Exchanges’ Rule Compliance Programs are reasonably designed and implemented to ensure compliance with the Exchange Act and the Exchanges’ own rules.

The Foley team must submit a report of the findings and recommendations to the Exchanges and the SEC within six months. After the Exchanges adopt the recommendations, the team will have another six months to conduct a review of the Exchanges’ implementation of the recommendations and submit a final report.