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.
Those interested in insider trading should pay close attention to trading in non-securities. Especially in recent years, some of the most important enforcement events have far from public equity exchanges.
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 includes several separate deregulatory measures sought by the largest Wall Street banks and the Koch brothers, who
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.
Supporters say the measure would help harmonize international standards. But bank watchdogs see it as fueling a race to the
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.