Later On

A blog written for those whose interests more or less match mine.

Part 4 of “Where did the Money go?”: Calling the SEC

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David Dayen continues his series on an institutional financial scam using penny stocks; here’s the blurb for Part 4:

Penny stock gadfly Chris DiIorio tells the SEC about his suspicion that Knight Capital is tanking penny stocks on purpose and racking up unsustainable balance-sheet liabilities. But that leads to another mystery: Why don’t they seem to care?

The entire series so far is very much worth reading.

Written by LeisureGuy

25 September 2016 at 10:38 am

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