| 08.02.2010 Opalesque Exclusive: SEC willing to reconsider the proposed ban if FINRA could implement rules to check 'pay to play' activities |
| From Sagar Chakraverty, Opalesque Asia: According to a letter sent by Andrew Jr. Donohue, Director of US' Securities and Exchange Commission (SEC) to Richard G. Ketchum, Chairman & CEO of the Financial Industry Regulatory Authority (FINRA) on 18-Dec-09, the SEC indicated that an exception to the ban for registered broker-dealers acting as legitimate placement agents might be feasible if FI |