The Market’s Rigged Continued

A few days ago I wrote about The Market’s Rigged by Michael Lewis.  Lewis describes how high-speed traders have rigged the market in their favor. The Justice Department seems to agree.The St. Paul Pioneer Press today printed an article from the New York Times that stated that “federal regulators are scrutinizing Goldman Sachs’ high-frequency trading operations, the latest crackdown on what the government sees as potential market manipulation by some of Wall Street’s biggest banks.”  Justice is investigating Goldman Sachs’  “to determine whether it [high-frequency trading] violates insider trading laws.”  The following is also from the New York Times.

Advertisements

Leave a comment

Filed under Books, Finance

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s