do brokers need resident inspectors ?

Discussion in 'Wall St. News' started by Wallace, Dec 12, 2011.

  1. thinking about food inspectors, the US has I believe 8,000+ inspectors of various
    sorts who work in situ

    don't think one inspector per broker would do it, might require several to cover the
    various departments in larger firms

    it's not just rules and regulations that require changes, much closer inspection is
    obviously required to ensure compliance is being maintained

    would resident inspectors
    have prevented Madoff's ponzi scheme years ago ?
    discovered the Refco debt ?
    stopped MFG in its tracks before it 'lost' $1.2B ?
  2. LEAPup


    We don't need anymore "inspectors" than we already have imo. Especially since they're so "effective" in large numbers.:p