Check the link in the post above yours. With all Donaldson's talk about trade throughs in equities (he's from the NYSE), there are hundreds of thousands of such violations in the options markets. Most of the violations are against public investors. The problem has existed for years and you can prove the SEC knew about the whole thing. But his friends aren't involved so it's allowed to languish.
These conflicts of interest exist throughout the SEC.
The SEC is just a stepping stone for legal types to get to the big bucks on the other side....They like to prosecute ...rather threat the paying community ...for not a lot of money...and then defend ...in the job they really wanted...for their sought after bucks...
Conflicts...This is the simplest form of legal conflict...
There seems to always be a moment of jubilation when people hear this or that person is resigning from this current circus act, but then when u find out who the replacement is the smiles turn to tears.
There seems to always be a moment of jubilation when people hear this or that person is resigning from this current circus act, but then when u find out who the replacement is the smiles turn to tears.