Posted on 04/02/2014 11:36:55 AM PDT by shove_it
It's time for a public hearing about what's going on with our stock market.
I've said Michael Lewis' claim that the stock market is "rigged" is a gross exaggeration, but we can thank him for one thing: the megaphone he has with "60 Minutes" has helped revive a sleepy debate on what is right—and wrong—with our market structure.
And now, it is time to strike while the iron is hot: It's time for the U.S. Securities and Exchange Commission to convene a series of public hearings on the stock market. Read More Michael Lewis, 'Flash Boys,' and '60 Minutes'
Bring in exchange heads, asset managers, regulatory experts, academics.
Let's examine all the new market data that the SEC has been generating recently about trading volumes, and about high frequency traders. Let's get some consensus of what has gone right, and what has gone wrong. Most importantly of all: Let's open up Reg NMS, the rule that came into effect in 2007 and helped "cement" much of the current market structure...
(Excerpt) Read more at cnbc.com ...
Would anyone trust anyone to conduct the hearing?
It’s time for a public hearing about MANY MANY things.
After the 'successful' hearings that got the facts on Fast and Furious and Benghazi, someone in congress will tackle this. /s
The technology will leap three more steps ahead before the first regs are even written.
Yeah, hearings. Yay.
Today’s Bengazi hearings were suuuuuper revealing.
I’m so glad we had them. Yay.
More hearings, new and improved, more absorbent with cherries on top.
The big shooters who invest the buck$ for the technology to make high frequency trades (HFT) doesn’t bother me that much. What bothers me is the false momentum that HFTs create. Many times I’ve been stopped out of positions by momentary spikes that trigger my stop orders. It’s gotten to the point that I’ve stopped using stop orders.
No, No, No!!! Hearings almost always lead to new laws and new laws always are stupid!
The SEC is part of El-Presidente’s administration. Need I say more?
Every book in this country is cooked. The stock market numbers....precious metals prices....inflation.... But the country continues to roll on because we truly are in a “Jimmy Carter Malaise”.
why? so those that want to preach to populist (as opposed to inform and rational) sentiments can team up with the media to demand more “reforms” that are not reforms at all as was the case with “occupy Wall street”, Congressional “public hearings” and Dodd-Frank????
TIME FOR OBAMA TO NATIONALIZE IT. YOU DIDN’T CREATE IT.
There is a “public hearing” on the stock market every business day. It starts at 0930 and ends at 1600.
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