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We could list the one case prosecuted each year if you'd like, but that won't make it any more significant. I was at a small firm with 50 traders. I guarantee
by lloyd-christmas 9y ago
We could list the one case prosecuted each year if you'd like, but that won't make it any more significant. I was at a small firm with 50 traders.
I guarantee there were a handful that were spoofing. The NYSE alone is worth $25 trillion. Bitcoin altogether is worth $55b. One or two arrests every year isn't "regulation", nor is it even a minor deterent. The SEC is far and away one of the weakest regulatory bodies in the US.
- fapjacks 9y agoI provided an example showing that your assertion is wrong. They do have the enforcement power to arrest people for the things I mention.
- lloyd-christmas 9y agoYou gave an example, I gave you 10% of my trading floor. You can say what you want about rules and regulations, but if people don't PRACTICALLY enforce them, the rules are irrelevant. The SEC just needs a poster child every now and then. I'm sure you looked and saw how many arrests there have actually been. I'm curious, how many people doing it would make you believe that arrest is statistically insignificant? Regardless of an example, there are also large players clearly manipulating the markets on the various exchanges, unhindered by regulations applies to both.