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A comment on The SEC has told us it wants to sue us over Lend. We don’t know why. Parent comment

Re:The SEC has told us it wants to sue us over Lend. We don’... by justincormack on Wednesday September 08, 2021 @03:07AM (#28454018)
Securities lending, the repo market, is a large well understood and regulated existing market.
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Re:The SEC has told us it wants to sue us over Lend. We don’... by darksaints on Wednesday September 08, 2021 @09:29AM (#28456649)
Securities lending is regulated by FINRA, not the SEC.
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Re:The SEC has told us it wants to sue us over Lend. We don’... by chews on Wednesday September 08, 2021 @11:11AM (#28458244)
No, FINRA is an SRO, meaning they effectively police and audit the securities industry. FINRA takes guidance from the SEC and enforces the rules by way of fines, separate from any action of the SEC.
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