Get Tough With Wall Street Thugs
Your Cover Story on Mob influence in stock trading was both gripping and worrisome ("The Mob on Wall Street," Dec. 16). Investors at home and abroad should be concerned if financial self-regulation can be successfully corrupted even in the standard-setting U.S. marketplace. Speedy whistle-blowing and severe penalties are the only formula for effective self-policing. And there is no practical alternative to self-regulation. If the NASD can't or won't deal with these abuses, then the SEC should move in with a very big stick.
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