Corruption in Wall Street. Can't trust SEC. What instance else to trust?

[deaddog]

You have to realize that the markets are not set up for you to make money, they are set up for the people who control the markets to make money. Not unlike any other market be it groceries or used cars.

It's like getting into a fixed card game, you know it's crooked but it's the only game in town and if you are not to greedy you can pick up a few bucks while the main players fleece those who are.

 

[easymon1]

I indeed intend to visit Russia one day, but just visit it only as a tourist...
Maybe then I can also meet Snowden there and ask him why he had to flee this USA...

before you depart ... report your findings here: https://www.projectveritas.com/

 

[rb7]

You should quit trading and find another hobby.
The markets are rigged for you and there is no way for you to make any money out of it.

Unless, of course, you like to complain about something that impact what you do, for which you have no control.

 

[thecoder]

@rb7, It's not the case that I'm not making any money. It's not much, but I'm making some.
But I'm currently writing, for my own use, the most important trading program of my life... So, the journey just continues... And I expect big wins with it...
I'll reduce the time for posting in such forums and instead concentrate on my own personal stuff (trading, programming, market analysis etc.).

 

[zdreg]

@rb7, It's not the case that I'm not making any money. It's not much, but I'm making some.
But I'm currently writing, for my own use, the most important trading program of my life... So, the journey just continues... And I expect big wins with it...
I'll reduce the time for posting in such forums and instead concentrate on my own personal stuff (trading, programming, market analysis etc.).

You have created an obligation to entertain the members of the ET.

 

[thecoder]

I feel like a modern Don Quixote... tilting at windmills...

https://en.wikipedia.org/wiki/Don_Quixote
"
... When first published, Don Quixote was usually interpreted as a comic novel. After the French Revolution, it was better known for its central ethic that individuals can be right while society is quite wrong and seen as disenchanting. ...
"

 

[thecoder]

I think this type of market crime is called "Trading Ahead of Clients".

My personal experience with such a fraud case I also had posted in this thread:
https://www.elitetrader.com/et/thre...ontruns-client-order-reporting-to-sec.363097/

 

[easymon1]

I think this type of market crime is called "Trading Ahead of Clients".

My personal experience with such a fraud case I also had posted in this thread:
https://www.elitetrader.com/et/thre...ontruns-client-order-reporting-to-sec.363097/

Hey Don, have you contacted veritis yet? time's a wastin, get tiltin'.

 

[thecoder]

Hey Don, have you contacted veritis yet? time's a wastin, get tiltin'.

I'm doing a quick research on the net b/c I think such fraud cases must already have been reported to and be known by the watchdogs like SEC and FINRA etc...
I just wonder why it's still possible... Corrupted watchdogs?... Everything and everybody has its price?...

I also wonder whether such a market crime is possible in China too,
or can this crime be committed best in the (subverted ) US landscape of many private ECNs etc?...
IMO very interesting to know... It could even be a "system question"
Ie. corrupt system vs ethical system...

 

[virtusa]

I feel like a modern Don Quixote... tilting at windmills...

https://en.wikipedia.org/wiki/Don_Quixote
"
... When first published, Don Quixote was usually interpreted as a comic novel. After the French Revolution, it was better known for its central ethic that individuals can be right while society is quite wrong and seen as disenchanting. ...
"

You are indeed like him. Fighting imaginary enemies like the US, and many others. You live in an imaginary world and have lost all contact with the real world.

Tilting at windmills is an English idiom that means attacking imaginary enemies. The expression is derived from Don Quixote, and the word "tilt" in this context refers to jousting.