Former Nasdaq chairman arrested ---

[tradersboredom]

50 billion dollar just evaporated from the market

futures and forex accounts aren't insured.

Quote from CommunistMonkey:

When putting together a $50 billion fraud you'd hope they could catch it year 1.

Our tax dollars at work...accomplishing nothing.

 

[tradersboredom]

futures and forex brokers aren't insured like the SIPC

and this guy is a hedge fund so any money lost is gone.

Quote from tradersboredom:

50 billion dollar just evaporated from the market

futures and forex accounts aren't insured.

 

[nyxtrader]

I think we need to consolidate these threads..

 

[tradersboredom]

SEC and SIPC and all the market regulators at least a billion in fees and taxpayers funding.


and this is all they can do. arrest. no preventative measures.


QUOTE]Quote from CommunistMonkey:

When putting together a $50 billion fraud you'd hope they could catch it year 1.

Our tax dollars at work...accomplishing nothing. [/QUOTE]

 

[dsq]

its funny how none of these guys get busted when the market is going up...wall st has never had an ethical bone in its skeleton.

 

[NY_HOOD]

i agree with that. all the high profile busts and alledged fraud goes on after a meltdown. as long as things are going good,people don't give a shit if the company they invest in is a scam,but god forbid they lose money...

 

[Vinny1]

No one should invest in hedge funds or mutual funds, and have to pay fees. I bought some zero coupon treasuries 7 months ago and they are up 54%.