4 ms·
So is the police killing someone on a "nickel ride" like what recently happened in Baltimore. But if there's no enforcement of the laws, or if the regulators d
by msandford 11y ago
So is the police killing someone on a "nickel ride" like what recently happened in Baltimore. But if there's no enforcement of the laws, or if the regulators disagree with the sentiment of the rest of the population, the notional illegality of such activities is of little practical value.
- res0nat0r 11y agoSo front running is currently rampant in every area of the NYSE and the regulators are looking the other way?
- msandford 11y agoBefore you try and suggest that the financial authorities are 100% competent, I would remind you that Bernie Madoff did in fact dupe many people for many years. Financial authorities included. In fact it was a non-governmental person who blew the whistle and starting the whole thing tumbling down. So I'm not saying that it's rampant and everyone is looking the other way. But it's definitely a possibility. What people are SUPPOSED to do and what they ACTUALLY do often don't overlap anywhere near enough.
- mrchicity 11y agoDo you think it should be illegal to look at the order book for a stock (public info), formulate a prediction, and trade on that prediction? Seems much different than a broker trading ahead of his client. Large informed traders and intermediaries like specialists/locals/market makers have been in a cat & mouse game since the dawn of time. Back in the day, big hedge funds would split their orders through multiple brokers or try to make their intentions. It's natural that one seeks to hide his intentions and buy/sell without moving the price the other wants to get the hell out of the way or trade with the big order. That's just competition.