SEC awakes from slumber, probes manipulation by ‘advanced trading systems’

Bob Morris, on Sep 10, 2009, 2:12 pm

The U.S. Securities and Exchange Commission is “rigorously” investigating whether traders are using technology to manipulate markets, the agency’s enforcement and inspections chiefs said today.

The initial reports and investigations into high frequency trading and the like came from financial blogs like Zero Hedge and Naked Capitalism. The SEC paid attention. Good.

J.D.
While waiting for Oliver Stone’s “Wall Street 2″ and Michael Moore’s movies to come out, I found a movie about stock market corruption called “Stock Shock.”
It exposes all sorts of market corruption. Spotlights “naked short selling” and other market manipulation by high rollers on Wall Street. Gives a good review of how our stock markets are engineered. Amazon.com has it and stockshockmovie.com