Spy Team is Wall Street Regulator’s Weapon Against Insider TradersJuly 30, 2013 – In The News
Ernest Badway was quoted in the LA Times article "Spy Team is Wall Street Regulator’s Weapon Against Insider Traders." While the full text can be found in the July 30, 2013, issue of LA Times, a synopsis is noted below.
Cameron Funkhouser is head of a spy agency many American don’t know exists, the Financial Industry Regulatory Authority. Federal authorities have increased the surveillance on Wall Street in the wake of the financial crisis.
Finra has aggressively pursued cases, regardless of how insignificant they may seem, according to Ernest Badway. “They’re going after every single type of insider case around,” Badway said.