The Financial Industry Regulatory Authority put out its annual list of New Year’s resolutions yesterday, and one of them is a pledge to keep an eye on the brokers on its naughty list and the people who hire them (often en masse).
“Self-regulation is a unique and fundamental component of federal securities regulation in the United States,” the SEC begins its order against the CBOE announced today, but it’s also a little silly. It’s right there in the name! If you’re doing it yourself, it’s not regulation; it’s just some stuff you’re doing. Regulation is being forced […]