Recently our CEO, Dr. Soheil Saadat, sent a letter to Mary Schapiro, the new SEC Chairman highlighting the risks associated with spreadsheets and EUCs in the derivatives trading environment. You can read the letter and the subsequent response from SEC associate director, Michael Macchiaroli. Based on the response, it appears the SEC has the issue licked and appropriate measures are already in place to protect against such financial and operational risks at all broker-dealers.
>> The Letter
>> The Response
What are your thoughts and comments?
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Eric Perry
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