Home » Accounting » Wedbush Compliance Guy

Wedbush Compliance Guy

Matt Levine, Levine on Wall Street: Wash Trades and Themed Cabanas, here

According to Finra, Wedbush ignored red flags and “delegated virtually all reviews of post-trade activity for potentially manipulative wash trades by market access customers to one poorly-trained, unlicensed employee who, in turn, was charged with training another compliance analyst.” So I guess the answer to the question “do layering and spoofing actually happen?” is, sure, yes.

So you have a question on elementary quadratic forms and elliptic curves, then you say get me the complianace guy to explain this? I’m thinking of a movie , like the Expendables, where all the broker dealer compliance guys form a team to figure out unsolved mysteries, like Bones/CSI/House. It could happen, the movie, I mean. They would certainly read this blog, in the movie. 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: