FBI joins SEC in computer trading probe:NETFLIX BIGGEST FRAUD PRICE/VOLUME MANIPULATION CRIME SCENE RED HOT FOR 2+ YEARS IN USA WALL STREET(NOW FRAUD STREET) CASINO..ALL WHISTLES BLOWN ..WHY HAVE YOU NOT ACTED ON IT?
FBI joins SEC in computer trading probe
By Kara Scannell in New York
The FBI has joined securities regulators to tackle the potential threat of market manipulation posed by sophisticated computer trading strategies that have taken markets beyond the scope of traditional policing.
FBI agents have joined forces with a new unit within the Securities and Exchange Commission that examines hedge funds and other firms that are using algorithm trading strategies.
The SEC’s Quantitative Analytic s Unit is looking at abuses that might arise from the emergence of high-frequency trading firms and the use of dark pool (off exchange) trading. Traders using these methods can manipulate the market by flooding it with quotes, known as quote stuffing, or placing millions of orders that are quickly cancelled, to drive others to trade in ways that benefit their position, a practice known as layering.
Some of these trading strategies have been criticized of destabilizing the market and putting retail investors at a disadvantage. Their supporters have said they increase liquidity in securities and reduce volatility.
WOW This is great news...Its about time the SEC and FBI do something about Hedge Funds and Billionaire investors like Carl Ichan that manipulate stocks and have secret and private talks with the CEO's. I believe these meetings should be public, not only for the big guys.