Commentary

David Weisberger
Traders Magazine Online News

Stop the BS & Promote Real Transparency!

In this shared blog, David Weisberger says a recent WSJ article is wrong and that traders do need to purchase faster and more comprehensive market data to avoid being fined for violating "Best Execution" obligations.

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June 30, 2003

Street Execs Honor Top Cop

By Staff Reports

Some of Wall Street's most prominent industry activists recently joined forces with New York's finest at The Regent in lower Manhattan.

The occasion was a testimonial dinner honoring the retirement of William Allee, New York City chief of detectives. Allee, the second longest tenured chief in the post, had an amazing 40-year career. He was decorated dozens of times for acts of heroism and bravery. About 800 well-wishers attended, including New York City Police Commissioner Raymond Kelly. The Wall Street group included Nicholas Ponzio, CEO of Hill Thompson Magid and Charles Laganga of brokerage firm Direct Access Partners. They were accompanied by Dr. Mohamad Khalid, New York City's Charter Revision Commissioner. The trio presented a special gift to the departing detective.