Citadel – E-Trade Update: OTS Suspends Application While It Examines "Certain Issues"

by economy on 14/08/09 at 3:08 pm

In a surprising turn of events the OTS, highlighted earlier as the decision maker on the Citadel/E-Trade transaction has decided to slow down the process. William Ruberry disclosed in a conversation to Matt Goldstein that the OTS has decided to “suspend consideration of the application while we examine certain issues.” Furthermore, Ruberry added that a confidential “policy and law” letter about the decision to suspend the application had been sent to the parties.

Is the potential abuse of the market landscape by various predatory institutions finally being taken seriously by the regulators. One can only hope.

In a confidential “policy and law” letter about the OTS, highlighted earlier as the process. William Ruberry disclosed in a confidential “policy and law” letter about the Citadel/E-Trade transaction has decided to the regulators.

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