The SIPA

The Blog Of The Securities Industry Professional Association
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Is It Really A PONZI SCHEME If Nobody Cares?

The Fall of Madoff should come as no surprise. For many years now we have always thought of Ponzi schemes as something that was run out of boiler rooms in Long Island and Boca Raton that would prey on the elderly and unknowledgeable.  Today the FBI has announced that one of the most respected names […]

The End Of FINRA: Dec 5, 2008

In several articles earlier this year, we broached the unthinkable: that the End Of FINRA was potentially at hand. Since then, we have seen much in the way of de-facto re-organization, with the Bulge Bracket firms – such as they still exist – coming under direct control of the Treasury. Ironically, what this means is […]