As for Schapiro, she is a well-known figure on Wall Street who now heads the Financial Industry Regulatory Authority which oversees securities firms.
"As you add scale, your incremental cost goes to zero, " says Robert Greifeld, 51, a former computer salesman who took over at Nasdaq in 2003 as it was being spun out of the old National Association of Securities Dealers, now the Financial Industry Regulatory Authority.
The tool is powered by New York-based SecondMarket, an investment platform that is licensed by the U.S. Financial Industry Regulatory Authority and U.S. Securities and Exchange Commission as a broker-dealer.
Here are some tricks and traps to be alert to, courtesy of Gerri Walsh, vice president of investor education at the Financial Industry Regulatory Authority (Finra), the securities industry's self-regulatory body.
The Financial Industry Regulatory Authority is the largest independent regulator for all securities firms doing business in the United States.
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But little has been said about the watchdogs at the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority, the regulators who oversee the activities of the banks.
The payout plan, which requires Securities and Exchange Commission approval, would be overseen by the Financial Industry Regulatory Authority, a Wall Street self-regulator.
The Financial Industry Regulatory Authority (Finra), a self-regulator for the broader securities industry, also has an online bond-trading database.
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She currently heads the Financial Industry Regulatory Authority, which describes itself as the largest nongovernmental regulator for all securities firms doing business with the U.S. public.
Securities and Exchange Commission Chairman Mary Schapiro and the organization she previously ran, the Financial Industry Regulatory Authority, won a legal victory Monday when a federal judge effectively declared that the only one who can sue them is--Mary Schapiro.
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