Quote from: Grafzep on April 22, 2015, 10:16:49 PM

Quote from: cypherdoc on April 22, 2015, 09:53:32 PM

Quote from: Trolfi on April 22, 2015, 08:59:05 PM

Quote from: Grafzep on April 22, 2015, 07:42:36 PM

Quote from: cypherdoc on April 22, 2015, 06:31:43 PM

lol, are u kidding me?

http://www.washingtonpost.com/business/economy/uk-trader-charged-with-role-in-flash-crash-stock-plunge/2015/04/21/cb829800-e84f-11e4-9767-6276fc9b0ada_story.html

Apparently he was putting up fake sell "walls" to drive the price down!

Who even knew that was illegal, let alone 20 years worth.

I put something up for sale, then flake out at the last second ... how is that illegal?

Its ludicrous. Anyone who's stared at a level 2 trading screen sees HFT 100 lot orders constantly flashing in and out within milliseconds continuously baiting you .

And that the state thinks it should take a view on trading tactics between grown adults in the totemic heart of the free world.

I think it's indicative of their weakness. Would they have spent 5 years hunting someone who caused a spike up?

That reminded me of 2008 when Wall Street got all pissed off at the shorts and actually succeeded in banning all shorts on financial institutions. What a crooked game they run:

http://www.zerohedge.com/news/here-what-happened-when-sec-banned-shorting-financial-companies-2008

https://www.sec.gov/news/press/2008/2008-211.htm