Daily Archives: May 16, 2014, 4:20 pm

To police Wall Street, go after the little guys — The Great Debate

Prosecutors have been targeting Cohen in their sweeping crackdown on insider trading. Yet as a deterrent against future crimes, Steinberg’s conviction — like scores of others in the past several years — is even more valuable. Conventional wisdom holds that landing the big fish in high-profile white collar cases is the best deterrent against other people breaking the same laws.…

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Financial regulators don’t agree on Wall Street mea culpas — Reuters

Wall Street’s self-funded regulator has not been swayed by the U.S. Securities and Exchange Commission’s new policy that some industry wrongdoers should admit to their bad behavior. That may be good for brokers and firms who are targets of the Financial Industry Regulatory Authority’s enforcement actions, but it does not please some investor advocates. via COMPLY-Financial regulators don’t agree on…

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