Loading ...The one good consequence that came out of this economic collapse was the tightening of rules and regulations for the Wall Street criminals. As much as they claim that they are working on solving the problem, there is still one clear conflict of interest in the structure of Wall Street. Investment Banks like Goldman Sachs can both give advice on securities and OWN the market makers of those securities. In fact, I see a conflict of interest if any financial bank owns specialist on the floor of the NYSE. There is no doubt that it should be illegal for investment banks to own a specialist on the floor of the NYSE. Let’s see how long it will be before this unethical loophole is closed.
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