http://www.sec.gov/litigation/litreleases/2010/lr21766.htm 2.7 million booty. that about .000000000000000000000000001 % of whats been stolen over the years
there is some hopefully positive news for us- http://news.yahoo.com/s/nm/20101209/bs_nm/us_financial_regulation_markets not sure how they can regulate 50+ market centers. shut them fucking down. it's about time.
like a mob stoolie, what they really need is a few hft programmers to blow the cover of these manipulators. maybe WinstonTJ is ready to give up his plundering ways. "yeah, they made me program that spoofer, no ice cream for weeks until I finished the job"
there is much insider trading and illegal trading and investment fraud going in the public markets, activity going on the SEC has to what you call show they are doing their job..i'm sure this is just a tip of the iceberg. the sec probably only charges what like 1% of all illegal activiy in the market...remember the SEC only has a 500 million dollar budget. imho insider trading such as this isn't as harmful to the markets than fraud and market manipulation...who lost money in this case? the guy sold it didn't lose money. insider trading like this kind isn't even immoral..nobody lost money. the SEC didn't catch the worthless bonds sold ? and ponzi schemes that says it all.
nobody lost money? you must be a fool or joking. I guess if I rob a bank, no one loses money , since they are covered by insurance.