On August 18, Finra, through its Department of Market Regulation and Department of Enforcement, filed a complaint against Wedbush Securities alleging deficiencies in its policies, procedures and controls related to its market access operations from January 2008 until August 2013. In a counterstrike against the equity market regulator, Wedbush said that it believes that its risk management controls and supervisory procedures in the area of market access were reasonably designed to achieve compliance with evolving regulatory requirements, and that they were consistent with the rules and guidance provided by FINRA.Why bother having laws, when we can have regulations that no one understands, including the regulators themselves?
Friday, August 22, 2014
Wedbush fights back against FINRA
About time.
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