Daily Archives: October 15, 2014, 8:55 am

Dark Pools Face More Enforcement Actions, SEC Lawyer Says – Bloomberg

The SEC is investigating special order types, how brokers route trades and payments they receive for sending customer orders to wholesale market makers, Daniel M. Hawke, chief of the SEC’s market abuse unit, said today at a conference in Washington. Regulators have said those arrangements create conflicts of interest for brokers. via Dark Pools Face More Enforcement Actions, SEC Lawyer…

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U.S. SEC’s Piwowar takes a swing at ‘broken windows’ enforcement policy | Reuters

In a speech at the annual Securities Enforcement Forum, SEC Republican Commissioner Mike Piwowar took aim at SEC Chair Mary Jo White’s approach, based on the theory used by former New York City Mayor Rudy Giuliani that fixing broken windows and minor violations helps to deter serious crimes. “A broken windows approach to enforcement may not achieve the desired result,”…

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