Thats what I've been saying the FINRA who was given authority by the SEC is incapable of deeling with crimes of this nature. There will always be bad BROKERS and most likely they are out there right now up to no good. It should not take them this long to notice that a substantially higher than normal number of trades are taking place at a particular broker.
Its sort of like the Police will notice that a certain small town has an increadible number of deaths and they will at this point secretly look for a serrial killer in that location. When it comes to technology such irregularities should have been tracked daily after all the trades are to be covered within 3days.
Did it take 3 days for FINRA to realize what is going on ? I didn't think so !!!!!!!!!!
Considering it is the Brokers that are our front soldiers during the war against fraud in the stock market. Organizations do monitor if their employees go to illegal websites using a proxy and even block access to certain ones right away.
So it seems if we have Brokers up to no good right now, we really don't know who they are.
The reality is that it could be happening at this very moment in time and tomorrow and a year later yet the security in place will not catch these guys till your money is stolen from under you. Doesn't that concern you.
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