US SEC chair to Congress: 'The markets are not rigged' By Sarah N. Lynch Tue, Apr 29, 2014, 1:26pm EDT WASHINGTON, April 29 (Reuters) - U.S. Securities and Exchange Commission Chair Mary Jo White on Tuesday responded directly to allegations in Michael Lewis' new book about high-frequency trading markets. "The markets are not rigged," she told a U.S. House of Representatives panel. "The U.S. markets are the strongest and most reliable in the world." White's comments come nearly a month after Lewis' "Flash Boys: A Wall Street Revolt," was published. The book has re-ignited a fierce debate over the role of high-speed trading, and whether it may leave some investors at an unfair disadvantage. White on Tuesday tried to soothe some concerns about whether firms are wrongfully trading ahead of others. She said it "is not unlawful insider-trading." http://finance.yahoo.com/news/us-sec-chair-congress-markets-152320290.html looks like the SEC will not do anything about HFT. Time to adapt.
there you have it. as i said-if they have even tiny little bit of intention to do anything about it-they would do a couple things here and there to demonstrate that. instead-they did demonstrate the usual-they don't give a f** about it. they don't give a f** about you and me. it's a big club and you and i ain't in it. https://www.youtube.com/watch?v=acLW1vFO-2Q
LOL. +1 Well I know I feel better now. Of course, the obvious question, had they turned out to be rigged, would have been: why was the SEC MIA for so long? Lucky they don't have to answer that question any more.
They are not even trying to do anything, in fact they are telling you, the little trader, to shut up, shut your mouth and stop talking.
yep. it's a spit in our(the public) face. with one very straight message-f** off meanwhile. when SEC is trying to convince congress that markets are fine,solid and secure- http://www.elitetrader.com/vb/showthread.php?t=283734 and i'm still waiting for an answer from SEC-wtf went wrong during a flash crash? and who pocket the money? out of what a** they come up with 60% away rule to bust those trades in flash crash? my question list is very long,but ok..i get it..fu** off,right?
so if she said a bear does not shit in the woods it means it is true? or the Pope is not Catholic? give me a break. one testimony does not make it go away. if someone sees orders ahead of everyone else it is insider trading...not sure what the hell she is talking about. obviously she has no clue or is not well informed.
+1 At least I feel like I am not the only who who gets it. They are the adults and we are the children. Children do what they are told and the adults decide what is right for us. Like it or not that is the way it is. The world is a Fucking crocked place.