When industry insiders are in charge of regulating themselves, that's a problem.
The bank pushed customers into its own expensive funds when cheaper options were available.
The new revelations surrounding the Flash Crash of May 6, 2010, once again brought to light an undeniable fact: U.S. regulators desperately need to boost their real-time surveillance capabilities.
The bill also reauthorizes the existence of the primary derivatives regulator, the Commodity Futures Trading Commission. Bank
This month, C-SPAN featured findings of the Senate Special Committee on Aging, which is investigating a 13-year rap sheet of gold investment scams targeting Florida seniors. The two-hour event revealed that current CFTC regulatory efforts aren't working. And, more importantly, it revealed why.
Wall Street's support on Capitol Hill, of course, has long been obvious. Lobbyists from Goldman Sachs, Citigroup, JPMorgan
The industry counters by denying these facts and boldly claiming that they provide liquidity and lower costs, but it has been demonstrated that HFT is more often a liquidity taker than a liquidity provider and, if anything, raises the costs of trading.
Even the fake Blythe Masters weighed in: Imagine the growth we'd see in baseball performance if Jose Canseco became the @MLB
Regulators did not offer an official version of the rule until late 2011, and reform watchdogs were disappointed with the
By Douwe Miedema NEW YORK, Nov 18 (Reuters) - The head of the U.S. swaps regulator said on Monday he would share a draft
An aggressive and underfunded CFTC can keep levying fines and holding banks accountable; Gensler has proven that. But it
Rampant, unregulated Wall Street speculation by taxpayer-backed too-dangerous-to-fail megabanks must not be allowed to wreck another market and inflict more pain on Main Street.