Douglas Wilbert, Protiviti Managing Director, and John McDermott, Protiviti Director
Regulatory fines in any industry are not new. For as long as there have been regulations, hefty fines have served as the clearest and most concise method for regulators to publicly rebuke corporate offenders and wrongdoers. Rooting out market abuse has always been important to financial firms; however, for many firms, trade surveillance is not their strongest suit. In today’s hyper trading environment of multiple execution points, expanded trading and advanced algorithms, it has never been more important for firms to monitor execution carefully.
This article offers five recommendations that firms can use to proactively manage market abuses in this heightened regulatory environment.