Massive class action for traders: Milberg Weiss?

O

Option Trader

It's a bit shocking that when illegal manipulation is detected in the securities markets something more is not done. (The average Elite Trader could probably mention about 5 items not being handled). I would imagine that the individual trader has no power, but if united with others then maybe yes. (Note: we once started a class action that settled for about $100 million; in the beginning, there were many skeptics if such a thing was really feasible.)

Would Milberg Weiss not be able to handle a massive class action? Or is there something I am missing?
 
Quote from wilburbear:

What issue?
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Okay, maybe we'll start with either A) illegal shorting or B) front running, or C) seemingly the specialists?? manipulating the price affect of news announcements to their own favor--depending on if they are long or short.
 
Quote from Option Trader:

Wasn't looking for something controversial.
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I respect your purpose but Milberg Weiss is no less crooked than a case of insider trading by a market maker:confused:
 
Quote from PJT:

is this what you were missing:



http://money.cnn.com/magazines/fort...1/13/8393127/index.htm?postversion=2006110316
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If I'm not mistaken, that has to do more with going after CEO's etc. regarding individual stocks.
But what about going after the specialists, MM's, professional stock manipulators?

Quote from PJT:

I respect your purpose but Milberg Weiss is no less crooked than a case of insider trading by a market maker:confused:
More...
On the one hand, it would seem you would want for yourself a clean attorney the same as you would a clean business partner; on the other hand, maybe you need a mud wrestler to handle a mud wrestler??
 
Problem: Widespread Securities Industry Corruption

Duration: 200 years

Protection:
The 200-300 people...
That control the Securities Industry...
Have Ironclad Connections in Congress...
Always have and always will.

That's why the NYSE >>> SEC.

Recent Attempts At Cleanup:

Even Elliot Spitzer proceeded with extreme caution...
Took on a few mutual funds...
Hung Grasso out to dry...
Made his bones... and now he's in politics.

Life 101: Learn to live with things you cannot change.
 
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