Citadel Securities Paying $22 Million for Misleading Clients About Pricing Trades

The richer conmen are, the easier they get away with it, at least most of the time.

 

CEO's of financials are usually the greediest people.

 

I think it's a toss between them and politicians.

 

Exactly.... It will never stop.... These little fines are absolutely nothing for these banks to pay that's why they keep up with all these types of scams and tricks to keep making money....the fines never ever outweigh the amounts of money they made doing the scams that's why they continue to come up with ways of Fu$king the people. ....just continue Fu$king the people and pay as little amount of fines as possible ...rinse and repeat over and over again.....
As I'm writing right this second there are banks and financial institutions Fu$king people with their new scamming ways....in a year or two you will hear about something else that took place ...again a small fine will be imposed and another scam will take its place...

 

people have to go in jail for such kind of scams.

 

Yeah, you're right, but politicians get caught not that often.

 

True. I think that more often than not politicians are in the kind of positions of power - or their friends are in such positions of power - that can influence law enforcement, which is why they get away with it.

 

That's true, they do it all the time.

 

I thought all equities are traded on exchanges so WHY do we still have these firms that execute orders by retail investors? This looks like something that happens in retail Forex.

 

True. FXCM just got busted recently for similar bs - the difference is FXCM got banned completely, Citadel is getting away with a relatively small fine.