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Options Need New Master: SEC Falls Short as Regulator

Traders Magazine, July 2005

Mark Longo

(Traders Magazine, July 2005) -- Regular readers of my column know that I am not a fan of the SEC. As a market maker on the CBOE, I watched in horror as the SEC sat on its hands and allowed inefficiency to run rampant throughout the options markets. As a columnist, I have repeatedly criticized the SEC's refusal to act on payment for order flow and other crucial issues facing the industry.

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