Head Trader Of World's 4th Largest Hedge Fund Caught In HFT Frontrunning Scandal

Discussion in 'Wall St. News' started by Banjo, Aug 1, 2015.

  1. "Another confirmation that those who can trade are indeed an extremely rare breed.
    Please keep your head up. :D:D:D" Small Stops



    Don't forget it helps being part of the "old money" using the public and middle classes tax base to create "trillions" in buybacks instead of jobs or making our economy stronger than "one Quarter at a time!" Those of us old enough to remember laughed at how ridiculous the fines were against "Inside Trading" and how guys could steal from shareholders or cheat the USA only to give back half the money they stole. Bill Gross of Janus Capital wrote a compelling article speaking about our Drunk Skeleton Economy staggering along, waiting with fear and ready to scream like a spoiled child if the Fed hint's their going to hike i-rates!


    We all have seen "front running" since we all started playing the game(first stock purchase was 1984 through Charles Schwab), I loved watching Howard Ruff turning house wives and truck drivers in to gold-bugs! Some Old Timers never gained their money back from 1978 until the Iraq War 2.

    What about the "After the Close" Mutual Fund-Hedge Fund Scam, after the Close, Hedge Funds would wait to see if Big Tech had blow out numbers and if so, they bought in Mutual Funds heavy with Tech. They cheated the crap out of Pension Funds and little investors, Wall Street cheating? They waited up to 15-30 minutes watching how good earnings were. If they liked those numbers, Gary Pilgrim's Mutual Fund would give those Hedge Funds that day's print! How did this help the little investor by allowing Hedge Fund to jump in and out of these high expense funds with large churn rates?




    They were crooks, pilfering, front-running investors before all our HFTS Guys came along! Hedge Funds were cheating, the Mutual Funds suppose to be taking care of Pension and Public Money were stealing and front-running us! I got money back from several Mutual Funds part of the Cartel of Crooks!


    https://www.google.com/?gws_rd=ssl#q=Mutual+Fund+Front+Running+Scam+PBGH



    Wise King Solomon wrote 3,100 years ago

    Preceding Generations Forgotten
    8All things are wearisome; Man is not able to tell it. The eye is not satisfied with seeing, Nor is the ear filled with hearing.9That which has been is that which will be, And that which has been done is that which will be done. So there is nothing new under the sun.10Is there anything of which one might say, "See this, it is new "? Already it has existed for ages Which were before us.

    http://biblehub.com/ecclesiastes/1-9.htm
     
    Last edited: Aug 5, 2015
    #21     Aug 5, 2015