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.
Stockbroker and investment advisor Leon C. Vaccarelli got into the ring with the United States Government and thought he could go the distance against... Read On
FINRA, FinCen, Networks, Authorities, Priorities, Statements, Guidance, AML, CFT, BSA, and NBFI (BrokeAndBroker.com Blog)http://www.brokeandbroker.com... Read On
I'm told that Wall Street is a highly regulated place although I'm not quite sure just what constitutes Wall Street these days. The old Financial Dist... Read On
Sometimes you're wrong. Frankly, we're all wrong sometimes. In a recent FINRA arbitration, we have a registered representative who was wrong. To his c... Read On
In a FINRA Arbitration Statement of Claim filed in August 2021, associated person Claimant Entwistle sought an expungement of information about a sett... Read On