Subject: Teron Douglas

Subject of Interest
Teron Douglas is  the Head of Merrill Edge Digital Capabilities and leads the team responsible for the Merrill Edge digital channels and investing capabilities. Douglas joined Merrill Edge from E*TRADE in 2015, where he was Senior Vice President and COO of Investor services. Douglas began his career at Wells Fargo, where he worked in mortgage underwriting supporting their early digitization efforts. He has a BS in Economics and an MBA from the University of Wyoming. He holds Series 4, 7, 24, 63 and 65 FINRA registrations.

Biography

Merrill Edge aka “MLPF&S” or “Merrill”

 

Article: Flash Crashes, Algo Manipulation & Demystifying Market Abuse Regulation

Article - Media, Publications

Flash Crashes, Algo Manipulation & Demystifying Market Abuse Regulation

Roger Aitken, 26 May 2016

It’s conjecture as to when the next flash crash might occur. But with the EU Market Abuse Regulation (MAR) coming into force on 3 July 2016, investment firms and operators of trading venues are heading for yet another regulatory change. As if there were not enough regulations and red tape confronting firms from a slew of edicts from Brussels and elsewhere in other jurisdictions.

One could reel off regulatory acronyms such as MiFIR, REMIT to counter market abuse in the energy markets and MAD to name a few. This time though it is with a focus of manipulation of algorithms being labelled as ‘market abuse’.

Driving the latest regulation on top of the welter of others is a need to establish a more uniform and stronger framework in order to preserve market integrity, to avoid potential regulatory arbitrage as well as to ensure accountability in the event of attempted manipulation. Add in providing more legal certainty and – in the view of the legislators – less regulatory complexity for market participants and compliance officers have their hands full. Continue reading “Article: Flash Crashes, Algo Manipulation & Demystifying Market Abuse Regulation”