Goldman Sachs Makes Bad Trades, Wants Money Back

By: Wednesday August 21, 2013 8:35 am

When things don’t go your way it is really a learning experience – life is like that sometimes. We all have to accept that life isn’t fair and sometimes we lose despite what we think should happen – oh, unless we are Goldman Sachs. I forgot the life is funny sometimes speech is for the [...]

Congressman Proposes Wall Street Sales Tax

By: Friday July 12, 2013 10:09 am

Congressman Rush Holt, one of many candidates vying for the New Jersey Democratic Party’s nomination for U.S. Senate, has put out a campaign ad endorsing the financial speculation tax. “These days, most stock trades aren’t made by human beings,” Holt says. “They’re made by supercomputers that flip stocks at a fraction of a second, helping [...]

SEC Using High Frequency Trading Firm to Monitor High Frequency Trading

By: Monday October 8, 2012 2:28 pm

One of the areas that Sen. Ted Kaufman and his chief of staff Jeff Connaughton tried to focus on during his accidental two-year term in the Senate was high-frequency trading. The 2010 “flash crash” showed the potential dangers of this fast-growing industry. Consider that our financial system places a large emphasis on where super-computers are [...]

Flash Crash Panel Recommends Financial Transaction Tax

By: Monday February 21, 2011 6:31 am

It would have been easy to miss this the past few days, given everything going on. But are you aware that a panel of experts basically said regulators should consider a financial transaction tax, as the only way to stop another “flash crash” caused in part by high-frequency trading? Regulators should stem the growing tide [...]

SEC Looking at New High-Frequency Trading Rules

By: Wednesday September 8, 2010 6:50 am

On May 6, the stock market crashed and then rebounded in the space of five minutes, a technical glitch that pulled back the curtain on the level of automation and trading-by-computer in the financial system. It wasn’t just that the NYSE had been rigged to the benefit of the influential and the powerful, it was [...]

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