Frustration peaked over perceived inaction on setting standards for broker-dealer regulation during an SEC meeting devoted to small business issues.
Patrick Reardon, who sits on the SEC’s committee on small and emerging companies, criticized Stephen Luparello, the agency’s director of trading and markets, at a meeting at the commission’s headquarters in Washington.
“We’re asking questions after 16, 19 years,” Reardon told Luparello. “You should know all the answers to the questions by now.”
