, Columnist
Maybe We Clamped Down Too Hard on Finance
It's a question worth asking.
That hurts.
Photographer: Grabowsky/ulstein bild/getty imagesThis article is for subscribers only.
Let’s talk today about compliance in the financial industry. This topic seems to come up a lot lately.
I hear complaints from brokers on the sell side, most of whom don't have kind words to say about their main regulatory overseer, the Financial Industry Regulatory Authority -- even though it's supposedly in the pocket of the financial industry. I got an earful the other night from some folks I met near the New York Stock Exchange after the close. I hear about it as well from institutional investors on the buy side -- as well as almost every guest I've had on the Masters in Business podcast series.