RSS Feed
Twitter
Facebook
Email
HomeNewedge Market Manipulation: Joe Saluzzi Exposed This Years Ago
Posted by Larry Doyle on July 11th, 2013 7:51 AM |
I awake this morning and see a headline of a lead story on The Wall Street Journal jump out at me.
Brokerage Faces Record Fine
My interest is piqued. What might it be? I quickly peruse the commentary and see words and phrases used that should concern any investor and/or trader including: manipulate U.S. markets . . . risks to the financial system . . . damage investor confidence . . . considerable systemic risk to the marketplace.
I then read of a new word for front-running, that is, “spoofing” and how traders utilized wash trades,”in which a firm acts as buyer and seller in the same trade to distort market activity. The practice can create the illusion of heavy trading volume that lures firms that are tracking for such activity.” (more…)
