Are you realy having that hard of a time reading what I am saying??
IT IS NOT THE FINE that is the problem!! It is THE REPERCUSSIONS of the charges involved!! Thy will NOT get as many underwriting deals. They will NOT be able to ra the huge spreads on municipal bond trades. They wil NOT earn as much money on the one unitthat was actually making ANY money for this firm!! Understand? FINRA is watching them like a hawk now. Believe it!
I am sure they will be thrilled to hear that you are willing to pay it for them.
It goes WAY beyond the fine!!! They are now going to have a hard time getting underwriting deals, since they are no longer going to be able to take officials to sporting events and strip shows.
Also, getting caught for painting the tape means that their traders are no longer going to be able to dump bonds on other firms at ridiculous spreads!! They are getting hit on earnings BIG time, since it was institutional trading that was one of their very best money earners in the last year.....go cehck the earnings reports!!
OK. Let me see if I can explain this to you. It was a SETTLEMENT with FINRA!!! That means that the check was written ON THE SPOT. They are clearly being watched now, on supervision as well as trading, since they violated several other MSRB rules along with their bribery scheme.