$600,000 Knicks Ticket Perk Triggered BGC's SEC Fine

$600,000 Knicks Ticket Perk Triggered BGC's SEC Fine

Assessment

Interactive Video

Business

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The video discusses the SEC's investigation into Richard Anthony's compensation, which included courtside seats for the Knicks. It highlights the excesses in interdealer brokers like BGC and questions the sustainability of outdated business models that rely on extravagant client entertainment. The discussion also touches on personal preferences for non-compensation perks.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the SEC's stance on the courtside seats received by Richard Anthony?

They were considered a personal expense.

They were considered a loan.

They were considered part of his compensation.

They were considered a gift.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is being questioned about the traditional model of interdealer brokers?

Its popularity among clients.

Its relevance in modern times.

Its profitability.

Its legality.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which city is mentioned as playing a role in the story of excessive compensation?

Chicago

New York

Los Angeles

Las Vegas

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of non-compensation perks are discussed in the final section?

Health insurance

Private jets and concert tickets

Company cars

Stock options

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the broader theme discussed in relation to personal preferences for perks?

Corporate responsibility

Luxury and excess in corporate compensation

Work-life balance

Employee satisfaction