Regulators Seek Trading Secrets

"The requests for proprietary code and algorithm parameters by the Financial Industry Regulatory Authority (FINRA), a Wall Street brokerage regulator, are part of investigations into suspicious market activity, said Tom Gira, executive vice president of FINRA's market regulation unit."

http://www.reuters.com/article/2011/09/01/us-financial-regulation-algos-idUSTRE7806J420110901

 

SEC stealing code for personal use is interesting concept.


SEC to pit trader: Give us your "code".

 

this codes r worth billions, sort of like asking coca cola to show its recipe because someone got sick after drinking coke and complained, what will they do next

 

Preposterous. It's as if they aren't satisfied with the billions already under their control.