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HomeSEC Fines NYSE for Being ‘In Bed with Wall Street’
Posted by Larry Doyle on May 2nd, 2014 9:25 AM |
As long as the markets are firm who really cares whether they might be rigged, right?
That seems to be the mentality of those who would prefer not to have meaningful transparency and accompanying truths revealed on scandalous practices (if not very real corruption) at the core of our equity markets and financial regulatory oversight.
The fact that the SEC imposed a fine of $4.5mm yesterday on the NYSE and related parties for a failure to uphold or impose rules that would maintain fair markets is a meaningful event. That said, a token fine of this sort leads to far more questions than answers. Let’s navigate and review the fine and then pose questions and comments. Forbes offers this review: (more…)
