The Securities and Exchange Commission has yet to unearth a single factor that precipitated the May 6 “flash crash,” which sent the Dow Jones Industrial Average spiraling down 700 points in minutes, seriously freaking out market participants.
Mere days after a computer programmer alerted authorities to potential foul play in the May 6 “flash crash,” the Securities and Exchange Commission is looking into whether high-speed trading tactics were used to manipulate the market, The Wall Street Journal reports.
One technique the SEC is looking at is “quote stuffing,” the Read More
The “Flash Crash” of May 6, which scared the bejeezus out of retail investors and illustrated just how volatile and unpredictable the U.S. stock market can be, may have been caused by rogue traders who were manipulating the market, Barron’s reports.
A computer programmer named Eric Scott Hunsader has floated a theory about Read More
Without the luxury of running against Albany–like other statewide candidates–Senator Kirsten Gillibrand is making an issue of reforming the nation’s capital.
On a Tuesday afternoon conference call, Gillibrand outlined a reform package to make Washington a more accountable, transparent political machine.
“I’ve not been in Washington very long, but it doesn’t Read More