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Tom Sporkin


Tom Sporkin
Managing Director, Enforcement
Tom Sporkin serves as Managing Director, Enforcement at CFP Board, the professional body for personal financial planners in the U.S. He leads a team of attorneys and legal staff in the detection, investigation and prosecution activities. Tom possesses decades of experience in enforcement and regulatory compliance, including 20 years in the SEC’s Division of Enforcement  where he served in various  leadership roles including co-managing the Office of Internet Enforcement, and, in the aftermath of the financial crisis, establishing and managing the Office of Market Intelligence, which included the Office of Market Surveillance and the SEC’s Whistleblower program. ....

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GameStop frenzy leaves mess for Wall Street regulators


GameStop frenzy leaves mess for Wall Street regulators
Tory Newmyer and David J. Lynch, The Washington Post
Feb. 3, 2021
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Long before an army of small investors buying shares of GameStop shocked Wall Street, regulators saw the need for a clearer, real-time view of the trillions of dollars that sloshed through the markets each day.
In May 2010, a trader in London using an algorithm to manipulate a futures market helped trigger a chain reaction that wiped 9% off the Dow Jones industrial average in minutes. The market quickly recovered. But that flash crash underscored regulators urgent need for a tool that would allow them to pinpoint who was buying and selling what securities down to the millisecond, equipping them to monitor a business already transformed by the explosion of computerized trading. ....

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