5 ms·

She is also VERY well connected to the SEC. It wouldn't surprise me if they gave her a sweetheart deal.

by pclmulqdq 4y ago

deleted 4y ago
[deleted]
kasey_junk 4y ago
Bernie Madoff sat on SEC advisory committees and was the onetime chairman of Nasdaq.
- lokar 4y ago
  He gave up
- PaulHoule 4y ago
  Madoff's scam was so baffling because his contributions to finance before that were legendary. He practically invented modern market making but his firm and others following in his footstep were wiped out by HFTs.
  - seanhunter 4y ago
    Madoff practically invented modern market-making? Do you have a citation for that? I’ve certainly never heard that claim before.
    - PaulHoule 4y ago
      https://news.fintechnexus.com/payment-for-order-flow-bernie-madoffs-golden-goose/ https://news.fintechnexus.com/payment-for-order-flow-bernie-... Is one of many articles on the topic. I had an old textbook (maybe 2003) textbook on markets and trading that had a sidebar that lionized him but almost everything on the web is colored by his scam.
  - MrMan 4y ago
    I think they were gradually decimated due to shrinking margins but that was partly due to decimalization, Reg NMS and other market structural reforms / changes. Then HFTs stared to flourish which drove the older market makers out of the picture.
bogomipz 4y ago
I know her parents would have been colleagues of SEC Chair Gary Gensler when he was still at MIT, that's a large faculty though. Is there evidence that they were more than just colleagues though?
- wittycardio 4y ago
  There isn't. Loony conspiracies need to be banned here.
  - shapefrog 4y ago
    The theory of six degrees of separation states that everything and everyone are no more than six steps away from being introduced to anyone. That may have been revised down to 3 from 6...
    - pclmulqdq 4y ago
      That number is 2. Ellison's dad was known to be friendly with Gensler when they were on the faculty in MIT's economics department together.
      - shapefrog 4y ago
        wittycardio 4y ago
        You seem to have some serious mental issues. I recommend therapy.
        shapefrog 4y ago
        The court case is ongoing and it looks very promising.
- pclmulqdq 4y ago
jonwachob91 4y ago
The SEC is not an enforcement agency and thus cannot give "sweetheart deals".

She is also VERY well connected to the SEC. It wouldn't surprise me if they gave her a sweetheart deal.

deleted 4y ago

[deleted]

kasey_junk 4y ago

Bernie Madoff sat on SEC advisory committees and was the onetime chairman of Nasdaq.

lokar 4y ago
He gave up
PaulHoule 4y ago
Madoff's scam was so baffling because his contributions to finance before that were legendary. He practically invented modern market making but his firm and others following in his footstep were wiped out by HFTs.
- seanhunter 4y ago
  Madoff practically invented modern market-making? Do you have a citation for that? I’ve certainly never heard that claim before.
  - PaulHoule 4y ago
    https://news.fintechnexus.com/payment-for-order-flow-bernie-madoffs-golden-goose/ https://news.fintechnexus.com/payment-for-order-flow-bernie-... Is one of many articles on the topic. I had an old textbook (maybe 2003) textbook on markets and trading that had a sidebar that lionized him but almost everything on the web is colored by his scam.
- MrMan 4y ago
  I think they were gradually decimated due to shrinking margins but that was partly due to decimalization, Reg NMS and other market structural reforms / changes. Then HFTs stared to flourish which drove the older market makers out of the picture.

bogomipz 4y ago

I know her parents would have been colleagues of SEC Chair Gary Gensler when he was still at MIT, that's a large faculty though. Is there evidence that they were more than just colleagues though?

wittycardio 4y ago
There isn't. Loony conspiracies need to be banned here.
- shapefrog 4y ago
  The theory of six degrees of separation states that everything and everyone are no more than six steps away from being introduced to anyone. That may have been revised down to 3 from 6...
  - pclmulqdq 4y ago
    That number is 2. Ellison's dad was known to be friendly with Gensler when they were on the faculty in MIT's economics department together.
    - shapefrog 4y ago
      - wittycardio 4y ago
        You seem to have some serious mental issues. I recommend therapy.
        shapefrog 4y ago
        The court case is ongoing and it looks very promising.
pclmulqdq 4y ago

jonwachob91 4y ago

The SEC is not an enforcement agency and thus cannot give "sweetheart deals".