Broker-dealers are not doing enough to protect non-public information, according to industry regulatory groups.
The Financial Industry Regulatory Authority, Securities and Exchange Commission and the New York Stock Exchange examined 19 small and large firms as part of a case study on best and worst practices for managing the conflicts of interest at broker-dealers. In the 52-page report, examiners from the SEC concluded that a number of risks remained in the classification, reporting and handling of material non-public information that could be misused for unfair profit.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access