Posted on 07/01/2009 12:42:59 PM PDT by Danae
The NYSE has announced the end of Daily Program Trading Report (DPTR). As of July 14th, the NYSE will no longer be releasing real unmodified data. According to ZeroHedge, one of the web’s single most accurate Blogs on Financial Markets, the NYSE has chosen to remove the transparency into all financial transactions happening in the Market.
"The Exchange has filed with the SEC to implement the decommissioning of the DPTRrequirement following the July 10, 2009 trade date. Accordingly, the last required submission of the DPTR will be on July 14, 2009, which is the second business day after the last trade date for which the DPTR is required."
According to Zerohedge, this is in partial response to their reporting of the activities of Goldman Sacs which has of late captured all of the Program trading on the market. This essentially means that each investment bank will be able to sell an asset back and forth raising the price every time until it can find a poor sucker to buy up the investment at that higher price. This amounts to an artificial inflation of an asset, and woe to the poor entity that buys up that asset. And now there will be no way to track it. Welcome to the new land of the unregulated bubble.
(Excerpt) Read more at examiner.com ...
excellent tip off
Has anyone in congress explained how this protects the private investor?
Apparently they are not interested in the little guy. This is a pretty stark example of just how DISinterested they are.
Yea, Obama’s SEC is looking out for us... right. Like a sawed off shotgun in the mouth is looking out for me.....
Are they going to nickname this the “Goldman Sachs Market-Pump” Rule?
Sadly the average sheep have no idea what is happening or what this little detail means. We are a scant few months from a Global Bank Oligarchy reaching the pinnacle of power they always dreamed.
This isn’t hyperbole, Congress is about to slap the final seal of approval on the title sale of the concept of the USA to the private world banks.
This isn’t even arguable anymore.....for anyone that actually reads.
Sad, but very true
I think this should make the ping list.
I think you are right. Its astounding that this isn’t breaking news on a HUGE scale.
I guess those guys talking about the new world order might well have been right.
I’m moving my 401K 100% out of stocks. I may just shut the dammed thing down entirely, because I don’t have faith in the government either.
I may deposit my money in the “Bank of Sealy”, or convert the cash into ammunition, which may be worth far more than most stocks or bonds over time.
This will cause individual investors to leave NYSE in droves.
Goldman Sachs is ruthless.
Small investors will have to go somewhere. The NYSE isn’t one of those places anymore. Whats concerning is the SEC’s involvement, and the fat that it seems to be getting the OK from them. It is only going to negatively effect business in the USA. It is almost deliberate seeming isn’t it?
Yep, and now they have the closed field all to themselves, they can do what ever they like with out any sort of oversight.
I feel so warm and fuzzy... maybe thats just the tingle going up my leg... /sarc
Some have made a complete recovery from the "crash" of 2008 doing just that.Its the only act in town.
This is in keeping with stopping the "greedy investment class" from making money, so that we can have a completely " false" recovery on the NYSE.Result? The Dems do well in 2012?
There are plenty of alternative exchanges on which one can do business. TSE is one of them.
The SEC has become an enemy of the individual investor.
This move should be decried and revealed widely.
What a bunch of dill weeds! Finally something that actually NEEDS regulating, and even in our age of manic overregulation, they’re allowed to keep it under wraps.
Like, *PING*, folks.
This is to be expected given that the attempt to create a "green bubble" has failed.
Dark Pools and Goldman Sachs.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.