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HomeEric Hunsader: SEC Report on Flash Crash “Complete and Utter Nonsense”
Posted by Larry Doyle on May 6th, 2014 9:00 AM |
Every now and then I come across commentaries written by well informed individuals that make me question the integrity of those regulating our markets and leave me thinking, “People really need to know this.”
Earlier this morning I had just such a feeling in reading a report written by perhaps the single most knowledgeable individual in the nation today on the inner workings of our equity exchanges.
In light of all the current focus on this topic and the question as to whether our equity markets are ‘rigged,’ stick with me on this as Eric Hunsader of Nanex reposted a commentary impugning the SEC’s investigation of the Flash Crash that roiled our markets and our nation on May 6, 2010.
Hunsader pulls no punches in asserting that the SEC under then chair Mary Schapiro sold investors a ‘bill of goods’ as to what really happened that fateful day. (more…)
