Who Watches The Watchdog At Nasdaq?

Joseph R. Hardiman, president of the NASDAQ stock market, had high expectations when he stepped up to the podium in late March to introduce a new trading system for small investors. But those expectations were soon dashed. Before an overflow crowd at New York's posh Inter-Continental Hotel, the press briefing quickly degenerated into a shouting match between the NASDAQ chief and dissident NASDAQ broker Sheldon Maschler.

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