"You could fly the entire 3000 person SEC staff to Fenway Park, sit them inside the stadium for an afternoon, and they would not be able to find first base.â ~Madoff whistleblower Markopolos, congressional testimony. _____ Regarding the whole SEC incompetence vs. SEC corruption debate... are the two really mutually exclusive?
No...not mutually exclusive. But one is prosecutable. The other is usually used as an excuse to not be prosecuted...
How does this flash fill ban affect the black box guys on this board who throw out 10,000 orders a day? Aren't those flash fills?
now the CFTC needs to do the right thing and start "evening out' the playing field for the small specs who get thrown around all the time by the whales and large specs