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> Retail traders do not run sophisticated algos to jam the price 15 minutes from the open because they want to neuter circuit breakers. How is that legal? >

> Retail traders do not run sophisticated algos to jam the price 15 minutes from the open because they want to neuter circuit breakers. How is that legal? > C’mon guys... In this particular instance, even if it is rare, it does certainly feel like a David and Goliath story?

hehehaha 6y ago
It’s legal and to be completely honest was a pretty damn smart thing to do. I don’t think it’s David and Goliath. I feel like it’s Goliath using millions of Davids to do his bidding. Retail is getting used.
aphextron 6y ago
>How is that legal? It doesn't particularly matter. The SEC is not some omniscient all powerful entity. The rate of prosecution for financial crimes is shockingly low.