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Posts Tagged ‘for profit equity exchanges’

Aguirre Addresses Likely Cause of Next Market Crisis: Selling Counterfeit Stock

Posted by Larry Doyle on November 1st, 2013 10:53 AM |

“The message is simple: Wall Street crime pays and there is no downside.”

Will there be another market crisis and if so what will precipitate it?

In what is an instant Sense on Cents classic, noted attorney and former SEC whistleblower Gary Aguirre takes us on a walk down the path that seems self-evident to me will cause our next market crisis.

Can you imagine if you discovered a businessman went about selling a product, collecting revenues on those sales, but never actually delivered the product sold?

Think that sort of fraud might attract the interest of the authorities? But what if the authorities, in this case our financial regulators, turned a blind eye to the practice? (more…)

What Happens When Investors Lack Trust?

Posted by Larry Doyle on August 6th, 2010 1:05 PM |

Think the structure of the equity markets is broken? With the preponderance of equity volume now dominated by high frequency trading and true retail investors fleeing in droves, what do people think the chances are that we could experience another Flash Crash as we saw on May 6th?

Last evening,¬†The Wall Street Journal ran an online poll on this topic in Legacy of the ‘Flash Crash.’ I have to admit, I was surprised by the results. Did you get concerned witnessing the 1000 point ‘whoosh’ in a very short time period on May 6th? An overwheming number of pollsters believe it can happen again.

With our computer-drive stock market, could a “flash crash’ happen again?

(more…)






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