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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It? -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (52)5/11/2002 2:03:56 PM
From: CountofMoneyCristo  Read Replies (2) | Respond to of 589
 
The firms gave the SEC some money to get them off their backs.

"Some money." I recall it was $1 billion. I guess they were innocent but decided to pay $1 billion anyway...

I guess the two Princeton Mathematics professors who ran a detailed study exposing Wall Street's rigging of Nasdaq quotes so that spreads would be artificially wide just made it up...