FINRA is the fox guarding the hen house. The NYSE was toast after (it's anniversary today), March 7, 2006 of no longer being owned by seat holders. Today it's been 19 years since the club sold out to other exchanges, dark pools, and HFT firms!
For over a decade I sat as a public arbitrator in proceedings between aggrieved parties, brokers, brokerage firms, and client/customers until the day all of the arbs in the NYSE and FINRA pools who were unbiased, fiduciary members/owners/employees of investment management firms were tossed out of the arb pools! It was shocking to hear but expected.
When the fox is guarding the hen house and the game warden can't protect the hens from honesty and truth, the hen house will do what they must do to keep feeding the fox.
Here is some more nonsense from them taking a few steps backward!
Tell me again why you wouldn't want the information to catch bad guys.
No comments:
Post a Comment