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Wall Street Lobby Slams FINRA's Risk Data Program

By Ed Beeson ( December 1, 2014, 5:51 PM EST) -- Wall Street's top lobby on Monday took fresh aim at the Financial Industry Regulatory Authority's plan to mine broker-dealers for data meant to help it detect investment schemes earlier on, calling the Comprehensive Automated Risk Data System initiative an unnecessarily expensive and expansive use of its regulatory powers....

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