David Drake
Traders Magazine Online News

Why Bitcoin Continues to Rule the Crypto Market Despite its High Volatility

So, how does the highest profile cryptocurrency manage to stay on top of the market despite threats from regulators, hackers and even market pundits.

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June 30, 2003

Spitzer Strikes Another Blow

By Gregory Bresiger

The compliance departments at Wall Street firms took it on the chin again from New York's combative attorney general Eliot Spitzer.

Spitzer said some of the problems at brokerage firms during the last bull market stem from the role played by the compliance departments at major brokerages.

That's what he told a gathering at the SEC Historical Society's annual meeting.

Spitzer urged the Securities and Exchange Commission to evaluate the part played by firm's internal compliance units. Still, he also told reporters that he wasn't hinting at the elimination of these firm's policing themselves. Indeed, despite Spitzer's relentless and public strictures of Wall Street, he has not proposed a replacement compliance system. Wall Street, he implied, has to clean itself up.