Clik here to view.
SEC Decides How Much Money You Can Make
Yesterday the SEC voted 3-2 to decide how much money bankers and hedge fund managers could make. Brilliant. That shows faith in the free market doesn’t it? Before Main Street jumps for joy-remember,...
View ArticleClik here to view.
Government Turns Both Barrels on Honest Business
If you were not outraged by the malpractice at the CFTC over the past few years before, you ought to be now. It’s so bad that socialist Senator Bernie Sanders from Vermont is trying to carry their...
View ArticleClik here to view.
Why Banks Hate Exchanges
Banks on Wall Street do business on exchanges, but in reality they hate them. The big banks despise the existence of places like the New York Stock Exchange ($NYX), and Chicago Mercantile Exchange...
View ArticleClik here to view.
Getting A Job In Finance: So, You Want To Be A Trader?
From time to time, people contact me and ask me how to get into the trading business. They have taken a class in college, or they have talked to someone, or even seen video of traders on television. It...
View ArticleClik here to view.
Speedy Trading Screws Up The Market
To long time market watchers, the story I linked to in Breakfast Links and am writing about now is no surprise. High Frequency Trading screws up the way markets trade. A group of professors in Florida...
View ArticleClik here to view.
Sub Penny Trading
There is some talk these days about narrowing spreads in the stock market. Currently, it’s traded in pennies. It used to be traded in eighths. To people that don’t understand that, here is what it...
View ArticleClik here to view.
Does Speed Kill?
The CFTC is going to move aggressively against high frequency traders. If you have read this blog, I have railed against HFT in some instances, and supported it in others. I don’t think it’s the speed...
View ArticleClik here to view.
Where Is My Buggy Whip?
If you read this blog regularly, you will see some blog posts devoted to high frequency trading(HFT). If you skim them, you will be left with the impression that I am against all electronic trading in...
View ArticleClik here to view.
Why Vulture Capitalist Warren Buffett is in Favor Of High Tax Rates
Warren Buffett has been advocating that we raise taxes in the US. Why would a rich guy say that? Believe me, it’s not because Buffett is some altruistic person brimming with patriotism. He may be...
View ArticleClik here to view.
The Market is Rigged
The Fed released minutes of their meeting early “because the U.S. central bank accidentally sent the report to congressional aides and trade organizations.”. Remember, it’s okay for Congress to inside...
View ArticleClik here to view.
The JOBS Act-Advertising for Funds
The SEC ruled that solicitation for funds and companies was okay. AVC had a post about it saying, “Let the games begin.”. The blog you should be reading when it comes to the SEC interpretation of all...
View ArticleClik here to view.
Will Crowdfunding Work As Advertised?
With the SEC moving forward, there are a lot of folks licking their chops. They intend to start crowdfunded platforms so the masses can invest in startup companies. Crowdfunding will work at some...
View ArticleClik here to view.
New SEC Regulations Will Kill Jobs and The Economy
Before everyone jumps up and down and congratulates themselves on the new rules regarding the JOBS Act, let’s look at the fine print. The Angel Capital Association did and found some horrible language...
View ArticleClik here to view.
The Mainstream Media Is Waking Up on Exchanges
The mainstream media is starting to quake. The sleeping giant is starting to realize there is something messing with free and open financial markets, and it’s not something they suspected. It’s the...
View ArticleClik here to view.
Big SEC Vote on Crowdfunding Today
Today, the SEC is scheduled to vote on crowdfunding. Remember, the SEC never wanted to have to rule on this at all. They wanted lawmakers to keep the status quo, so having this tossed in their lap...
View ArticleClik here to view.
SEC to Kill Crowdfunding If They Can
The federal government doesn’t like to be pushed to try new things. Agencies like to push the market. They hate it when the market pushes back. Crowdfunding is just that. Seal of the U.S. SEC The...
View ArticleClik here to view.
Does The SEC Know What It’s Doing?
The SEC is going to ask HFT firms to register as broker dealers. I don’t think that is right, nor is it close to any sort of solution. The problem isn’t HFT. The problem is market structure....
View ArticleClik here to view.
Defending the For Profit Exchange
Amidst all the consternation about high frequency trading, a small segment of the population thinks the real root cause of the problem is for profit exchanges. They couldn’t be more incorrect in their...
View ArticleDo You Think History Matters?
This weekend I was in New Orleans. I am on the Board of Trustees of the National World War Two Museum. This weekend was our Victory Ball. Next year, maybe you can join me and dine under the...
View ArticleIs A Cyber Attack an Act of War?
This past week it was revealed that the Chinese hacked into American government computer systems and stole sensitive information about 16.9 million military and intelligence employees applying for...
View Article