do brokers need resident inspectors ?

thinking about food inspectors, the US has I believe 8,000+ inspectors of various
sorts who work in situ

don't think one inspector per broker would do it, might require several to cover the
various departments in larger firms

it's not just rules and regulations that require changes, much closer inspection is
obviously required to ensure compliance is being maintained

would resident inspectors
have prevented Madoff's ponzi scheme years ago ?
discovered the Refco debt ?
stopped MFG in its tracks before it 'lost' $1.2B ?
 
We don't need anymore "inspectors" than we already have imo. Especially since they're so "effective" in large numbers.:p
 
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