Category: Trading Views Podcast

In Episode 5, we sat down with U.S. Rep. Bill Huizenga of Michigan, Ranking Member of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. We covered the Congress’s early response to COVID 19; the rise of social unrest and how social media influences it; the SEC’s efforts to improve and modernize capital formation and Canada.

In Episode 4, we sat down with former SEC Commissioner Troy Paredes of Paredes Strategies LLC. We covered AI, recent developments at the SEC, insights on how to track those issues you care about post-Presidential election and Troy’s bi-monthly podcast Appetite for Disruption, which discusses the business and regulation of fintech.

The history of the relationship between the SEC and STA is a long one.  Both organizations were formed at a pivotal time in the nation’s economic history.

The Securities Act had become law and the Securities and Exchange Commission was formed to regulate the issuance and sale of corporate securities to investors and bolster public confidence in the stock market.

STA was born in the Windy City of Chicago, when local industry professionals invited security traders across the Midwest to join them at their inaugural outing where bylaws were drafted and elections held.

That was August 21, 1934 and while the guiding principle identified back then remain core to STA today it has been the hundreds of individual relationships between SEC Commissioners and STA Chairs that in combination have enabled it to strive.

One such example, is former Commissioner Troy Paredes who after being appointed by President George W. Bush went on to serve at the Commission from August 2008 to August 2013. Commissioner Paredes, like so many of his fellow commissioners, always kept an open-door for STA.

As always, Commissioner Paredes provided awesome insights and well informed opinions. Enjoy the Listen.

We welcomed business thought leader Eleanor Beaton in Episode 3, who gave sound advice to those who want to start their own business and how to bring an entrepreneurial mindset to your current role.

It’s a centuries-old proverb: Necessity is the mother of invention . With 90% of our industry still in a work-from-home state, individuals have had to adjust and create novel solutions to fit their unique situations.

For many of us who spent entire careers in a structured corporate culture, we have discovered skills that are typically associated with entrepreneurs.

In this episode, we will be speaking with Eleanor Beaton, an advisor and coach to entrepreneurs. As a successful entrepreneur herself, Eleanor shares her thoughts and observations of those entrepreneurs she has advised over the years.

Our goal with today’s podcast is that, Regardless of whether you’re trying to get creative in thriving with isolation or are thinking of starting your business, understanding the skillsets and disciplines of successful entrepreneurs can help in your career development.

In Episode 2, we brought together Jacob Rappaport, Managing Director and Head of Global Equities at StoneX Group (formerly INTL FCStone) and Dan Zinn, General Counsel and Corporate Secretary for OTC Markets where he leads the company’s regulatory and policy making efforts to discuss the proposed amendments to Rule 15c2-11 in the Road to Modernize the OTC Market.

In September 2019, the SEC announced proposed amendments designed to modernize Rule 15c2-11 and enhance investor protection by requiring that current and publicly available issuer information is accessible to investors. The OTC market has seen significant technological improvements since the last substantive review by the SEC in 1991.

In Episode 1, we sat down with Joe Wald, Managing Director of Clearpool Group , to discuss issues around transparency and conflicts of interest involved with order routing decisions.

Concerns about conflicts of interest come up all the time in financial markets. The worry is that investors will be harmed if those who owe investors a duty or obligation are conflicted and end up looking out for themselves instead. Given the SEC’s investor protection mandate, it should come as no surprise that a lot of regulation is aimed at conflicts. In particular, those which exist with broker dealers in their order routing decisions of customer orders, the topic of this podcast.

On June 15th, U.S. Court of Appeals for the District of Columbia Circuit thwarted an SEC proposed pilot that would study how exchanges’ pricing creates conflicts of interest for broker dealers that may harm investors. The Courts action was well covered not just because of its ruling on a controversial issue, but also for the language it used in its decision and how it may affect the SEC’s behavior going forward. We recently caught up with Joe Wald, to get his perspective on the DC Circuit decision and how it effects initiatives by the SEC, which seek to increase transparency into order routing with the goals of identifying conflicts of interest and understanding their influence. Joe, is the former chief executive and co-founder of the electronic trading software provider, Clearpool Group, and since being acquired by BMO Capital Markets in January 2020,  is currently a Managing Director, responsible for the execution of Clearpool’s vision and strategic direction.