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.
Readers of the BrokeAndBroker.com Blog are invited to visit the daily Securities Industry Commentator feed published by Wall Street veteran lawyer Bil... Read On
A Tale of Two Tables By Aegis J. Frumento, Partner, Stern Tannenbaum & BellTen years ago this week, Lehman Bros. went bankrupt. Lehman was no... Read On
The SEC isn't ready to make nice with a whistleblower who was tardy. Turns out, the SEC is a very punctual place. They keep time. Meticulously. A cyni... Read On
Deutsche Bank Securities Hit With $2 Million Award In FINRA Expungement Case (BrokeAndBroker.com Blog)http://www.brokeandbroker.com/4178/deutsche... Read On
Today's BrokeAndBroker.com Blog presents two Deutsche Bank Securities registered representatives with decades of industry employment. In a FINRA ... Read On
How the SEC Would Run (and Ruin) Your FirmBy Aegis J. Frumento, Partner, Stern Tannenbaum & Bell Sometimes -- often, actually -- securities regula... Read On