On February 22nd, the SEC announced the settlement of the administrative proceedings instituted against Salvatore F. Sodano, the former Chairman and CEO of the American Stock Exchange LLC. Without admitting or denying the allegations, Soldano consented to the entry of an order finding that Amex failed adequately to enforce certain order handling rules and to comply with its record keeping obligations. The order finds that Sodano, as CEO, without reasonable justification or excuse, failed to enforce compliance by Amex's members and associated persons with the Securities Exchange Act, the Exchange Act rules and regulations, and the Amex's own rules. In the Matter of Salvatore F. Sodano, SEC Release No. 34-61562.