The other day, an SEC press release claimed that a settlement constituted a powerful message. After you read the press release and learn more about the alleged misconduct, there's little power to the so-called message. Frankly, it all comes off as high dudgeon, which, like a powerful message is a bit of hyperbole because, when you think of it, has anything ever been called low dudgeon or just plain old dudgeon -- as if the SEC would admit to sending a tepid message.
On February 18, 2022, FINRA announced that it had hired a law firm to conduct an independent review of how FINRA Dispute Resolution Services complied with its rules, policies and procedures for arbitrator selection in an arbitration proceeding whose award was recently vacated by an Atlanta Superior Court judge. Three months have passed. Not a sound. Not a peep. On the other hand, brick by brick, a lovely stonewall seems to be getting built.