Did anyone see the 60 minutes piece on Sunday? The 60 minutes piece indicates that High Frequency trading companies front-run others in the stock market.
Is the U.S. stock market rigged? - CBS News
Take a look at this article. Its about time... Since it began about 10 years ago, people have been very suspicious of high-frequency trading enabling some to manipulate or get an unfair advantage in the markets.
FBI & SEC To Probe High Speed Trading - Business Insider
it appears the practice go a pass a few years back.... "in the bag" the usual way!
http://blogs.rollcall.com/moneyline/...uency-traders/
http://www.bloomberg.com/news/2010-1...u-s-rules.html
Backgorund:
http://en.wikipedia.org/wiki/High-frequency_trading
If it is not found to be criminal is should be made criminal to do certain things with the intention of gaining an unfair advantage.
If the allogations are true; How many will cry for those high frequency trading companies, if massive class-action law suits are filed against those that profited?
I hope they have to disgorge every cent!