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Regulator bars former Fleet Specialist president

NYSE Regulation, the regulatory body of the New York Stock Exchange, has barred the former president of Fleet Specialist for trading violations.

Myles Gillespie, the former president and chief supervisory specialist of Fleet Specialist was fined $125,000 (€96,325) and barred for three years for failure to supervise specialists who committed interpositioning and trading violations between September 2000 through June 2003. Gillespie was also permanently barred from working on the trading floor.

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