SEC has its own skeleton in the closet concerning options (leaked SEC report)

Discussion in 'Trading' started by wilburbear, Mar 4, 2007.

  1. Report leaked from within the SEC shows SEC knew about abusive option order handling practices at U.S. option exchanges that negatively impacted the public. This report was authored by an internal investigative SEC agency. The SEC now wishes to avoid this issue, while it points fingers at others for options backdating, and TXU option trades.

    The financial system as a whole is diminished when it becomes known that the cop on the beat can be persuaded to look the other way at derivatives violations, or be otherwise blackmailed, by the exchanges it should be regulating. All floor-based U.S. options exchanges are involved, not just the AMEX which is the target of this particular document.

    Copy this internal SEC document before it is taken down - as it has been before.