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Linda Chatman Thomsen, director of the enforcement division at the US Securities and Exchange Commission, is to leave the regulator, it was announced yesterday.
During her time as director, the Commission brought more than 2,000 enforcement...
"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”
The FOA's Anthony Belchambers responds to the EC's Mifid review.