wall street corruption at its finest

[DeepFried]

Quote from blackchip:

Typical. A self styled "expert" that's got nothing.

LOL, you mean as opposed to what you've got, i.e., ignorant paranoia? You're a real champ.

 

[DeepFried]

Quote from flytiger:

The fines are so miniscule. It's like, they have to do something, so you made 100mm, give us 2 back. What is the logic in doing that, besides the fact it is a captive organisation? I mean, with the amount of fraud, with proper fines and the ability to keep a good part, they could pay for the whole enchalata.

It is simply false to say that people are allowed to keep any profits from insider trading. That's not true. The criminal fines themselves could be higher, sure.

 

[E23]

"institutional trades often, but not always, got overlooked."

 

[demoship]

Quote from nkhoi:

as long as you have plausible explanations, go for it.

I smoked too much crack and bought 1000 contracts instead of 10, and it happened to move in my favor.

Is that plausible?

 

[DeepFried]

Quote from E23:

"institutional trades often, but not always, got overlooked."

The idea being that cases against institutions (i.e. dealers) that do huge volume in all kinds of securities every day are harder to prove. End clients for those trades (i.e., hedge funds) were reviewed and I would assume they're reviewed more closely now since the technology to sort through huge amounts of data rapidly has improved quite a bit in the last ten years.

 

[DeepFried]

Quote from demoship:

I smoked too much crack and bought 1000 contracts instead of 10, and it happened to move in my favor.

Is that plausible?

Maybe, if your homies testify that you were sufficiently crack-addled when you made the trade.

 

[demoship]

Quote from DeepFried:

The idea being that cases against institutions (i.e. dealers) that do huge volume in all kinds of securities every day are harder to prove. End clients for those trades (i.e., hedge funds) were reviewed and I would assume they're reviewed more closely now since the technology to sort through huge amounts of data rapidly has improved quite a bit in the last ten years.

When you generate 3000+ option volume in a security that normally has a couple hundred, they're not going to "overlook" it.

 

[DeepFried]

Quote from demoship:

When you generate 3000+ option volume in a security that normally has a couple hundred, they're not going to "overlook" it.

Of course not.

 

[volatilitypimp]

Quote from DeepFried:

The SEC and the exchanges do not give out details of their investigation to the media or other third parties.

After a takeover, the first thing every exchange does is review who was on the right side of the trade and when, their related positions, etc.

Why would the exchanges care? As long as ppl are executing orders there, that's all that matters to them. The mm's on the other hand, are the one's crying foul. Being short all those wings into a takeover has blowout written all over it.

 

[DeepFried]

I do think it's a mistake for the SEC to play things so close to the vest re investigations. It frustrates people who think they're not doing anything and it helps all kinds of dummies think they can trade off of inside info and get away with it because the many busts don't make the news.