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The Year Ahead/Technology

Investment Manager Says Silicon Valley Should Be Self-Regulated, Like Wall Street

Two Sigma’s David Siegel suggests a Finra-like industry oversight structure.
David Siegel, co-chairman of Two Sigma.

David Siegel, co-chairman of Two Sigma.

Photographer: Caroline Tompkins for Bloomberg Businessweek

Is it time for the Googles and the Facebooks and the Twitters of the world to be regulated?

Well, it’s certainly time for these incredibly successful companies to take on additional responsibilities for how they interact with our society. I think it may be time for firms to create a set of ground rules to make society more comfortable with what they’re doing.

So why look to the financial industry for examples?