Margin Crackdown Likely at Regionals?SEC Stepping Up Enforcement Actions as Mar
Traders Magazine, March 2000
Regional stock exchanges are a likely choice for initial SEC action as the agency cracks down on margin lending abuses at day-trading firms, according to a high-powered attorney who represents dozens of brokerages and several regional exchanges.
George T. Simon, a managing partner and head of the broker dealer regulatory practice at Foley & Lardner, said margin lending subterfuges often occur because violators are regulated by regional exchanges.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.