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HomeDuncan Niederauer and “5 Guys Named Vinny”
Posted by Larry Doyle on January 9th, 2012 10:09 PM |
I had to chuckle yesterday morning when reading a comment that came in regarding my recent commentary on high frequency trading.
Eddie wrote,
Hi,
Plain and simple for years I was taught it was not only unethical but illegal to intentionally manipulate stock prices. The only intention of HFT is to do just this.Joe and Sal are correct when they say the people that are supposed to regulate this behavior are now in their pocket. For years the NYSE protected the Specialists and the public was assured that orders were being handled properly and the SEC audited the exchange and all of these firms quarterly. (more…)
