[2 August 2012] -- Wall Street's self-regulator FINRA has just celebrated its five year anniversary. Congratulations to them. Sympathies and condolences to the rest of us.
The Securities Technology Monitor highlights FINRA's birthday with a grandiose slideshow presentation entitled, The First Five Years; FINRA's Top 25 Enforcement Cases.
While those at FINRA might be celebrating the anniversary with cookies, cupcakes, and lemonade, let’s take a more critical review of Wall Street’s industry-funded private police detail.