As an arbitrator for over a decade for both the NYSE and NASD I admit the current system of the proverbial fox guarding the hen house needs change. Probably serious change.
The current set-up, in which the exchanges police their own brokers needs to be fixed. Now that the NYSE is a for-profit enterprise and faces an even greater obligation to eliminate any real or percieved regulatory conflict-of-interest, the problem is enhanced.
Especially if the NYSE uses their stock as currency to go on a global spending spree.
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