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Asensio is quite critical of Nasdaq (NASDAQ:NDAQ) and their own disclosure policies. Go to www.asensio.com and read Tuesday's report on NASDAQ's purported conflicts involving Pegasus and Xu, which raise questions about its regulatory reliability.

The report goes on to state,

"leaders ignored the warnings about Pegasus from Christopher Byron, who is one of the nation's most respected and experienced investigate journalists with 41 years of professional experience, and who is also a New York Times best-selling author. At the time of the Pegasus incident, Mr. Bryon was the author of a weekly full page business column in the New York Post."

If we are truly in a post Madoff era, Nasdaq needs to get on its horse and fix things before Obama's SEC staff becomes energized on this one. If Obama needs to beat up Wall Street, Nasdaq could become the political punching bag of 2010.

Source: Nasdaq Needs to Get Its House in Order