Trader accused of high-speed trading to make millions in 'illicit profits'

[athlonmank8]

They need to start going after these firms if that's what they want to do

 

[syswizard]

They need to start going after these firms if that's what they want to do

They don't want to spend the time, effort and $$$ to do that.
Instead, their strategy is to make themselves look good by prosecuting a single, high visibility case.

 

[OddTrader]

Very soon: " Trader accused of trading to make millions in 'illicit profits'. " lol

 

[OddTrader]

Very soon: " Trader accused of trading to make millions in 'illicit profits'. " lol

After that, " Trader accused of trading to make millions for 'too much profit'. " !

 

[syswizard]

Finally : "You won't go to jail as long as you take a High Frequency loss"

 

[Cdntrader]

Don't you know? Trading is for "entertainment purposes only". Your are not allowed to profit from this activity.

 

[loyek590]

Sounds like he's just taking money away from the computers

I agree, who is an algorithm spoofing but another algorithm?

 

[syswizard]

http://www.reuters.com/article/2015/05/20/us-flashcrash-trader-idUSKBN0O516120150520
Poor Nav now has no chance of getting out of jail before his trial....which may not be till NEXT year !!
And Wow, that attorney for the USA is really intent on "getting him".

 

[Visaria]

It's very unjust.

 

[syswizard]

That Mark Summers is a real SOB.....he was involved in the Julian Assange case as well.