Later On

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

“Where did the money go?” Part 7: The Half-Billion-Dollar Glitch

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David Dayen continues his interesting series of reports on a stock scam perpetrated by large corporations using penny stocks. The blurb for part 7:

Knight Capital made headlines around the world when one of its computers went on a shopping spree that ended up costing the company $440 million. So surely its secrets would come out now.

This is the final part for the time being. The SEC seems to be shirking its responsibilities, but the SEC has proved to be an ineffective regulator

Written by LeisureGuy

28 September 2016 at 12:23 pm

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