“The specialist scandal validates that self regulation at the NYSE hasn’t worked and simply won’t work in the future. It took the SEC, not the NYSE, to step in and end the practice that the NYSE should have ended long ago on its own. The lesson learned here is that self regulation doesn’t work.”
FTSE Mondo Visione Exchanges Index:
CalPERS Makes Statement On Deal Reached By SEC And NYSE Specialist Firms
Date 19/02/2004