• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

NYSE's Latest Benevolent DMM Getco Slapped With $2 Million Fee For Improper FSA Reports, As SEC Begins To Track HFT Trading

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Thu, 04/08/2010 - 13:46 | 291764 JJP
JJP's picture

Hello my name is Jon and I am a serial short seller; I know I have a problem and I want to change my ways…..  There now iv said it I feel much better and I hope im now on the road to recovery

Thu, 04/08/2010 - 14:03 | 291788 JJP
JJP's picture

Turns out Im not cured cus im just trying one more….

Thu, 04/08/2010 - 14:04 | 291790 AR15AU
AR15AU's picture

HFT Trading is like an ATM Machine...  ;)

Thu, 04/08/2010 - 14:13 | 291804 carbonmutant
carbonmutant's picture

Do the algos have linking ports?

Will they engage in coop trading?

Thu, 04/08/2010 - 14:19 | 291813 RowdyRoddyPiper
RowdyRoddyPiper's picture

Transvestite porn! Now I gotta get a gov't job!

Thu, 04/08/2010 - 18:48 | 292243 omi
omi's picture

Cynic in me says something more serious was uncovered, delivered to top management of supervisory board, board had a chat with the offending party and said "Look, we have to fine you one way or another. Come up with something insignificant, pay a small fine and we close this right now."

Thu, 04/08/2010 - 20:01 | 292351 Buck Johnson
Buck Johnson's picture

Thats what I was thinking.  With that many trades not being tracked (which is BS, I know they had to know for their "front running accounts" with Goldman or whomever) they saw or did something.  Then decided to charge a 1 percent fee on the offenders or a certain dollar/pound amount on them so when the fine came (which is small compared to the hundreds of millions if not billions they transact) it wouldn't be enough to hurt them.  And at the same time they got away with throwing away the receipts with nobody except a few knowing anything.

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