A number of Wall Street compliance and regulatory folks have contacted me about the supposed secret talks rumored to be ongoing between the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Although I cannot vouch for the authenticity of this video, an anonymous source sent me this tape, which the source says shows how the SEC and FINRA are attempting to grapple with the FocusShares mini-Flash Crash and the David Sokol / Lubrizol / Berkshire Hathaway situation.
Again, I cannot verify the authenticity of the tape. If you watch and listen carefully, you may be able to understand how regulatory organizations monitor Wall Street and you may gain some insight as to their plans to better regulate the securities markets.
[In]Securities a Guest Blog byAegis J. Frumento, Partner, Stern Tannenbaum & BellDriving That ESOP TrolleyWho hasn't heard of the Trolley Pro... Read On
In 2005, Ty Storlie began working as an external wholesaler in Prudential Insurance of America's annuity business. In November 2017, when Storlie... Read On
FINRA Settles Case Involving What Looks Like A Felony But Isn't (BrokeAndBroker.com Blog)http://www.brokeandbroker.com/5017/finra-awc-felony/In t... Read On
In today's blog we are confronted with criminal conduct by an associated person. In discharging its regulatory role, FINRA promptly investigated the m... Read On
[In]Securities a Guest Blog byAegis J. Frumento, Partner, Stern Tannenbaum & BellDrunk on a PlaneA long time ago I crossed a big item off m... Read On