BUY AND SELL SIGNALS, AND OTHER MARKET PERSPECTIVES Message Board

To: Seismo who wrote (34198)	6/27/2012 11:49:07 AM
From: Kirk ©	6 Recommendations Read Replies (2) of 50648

On market manipulation:"Billionaire Mark Cuban talks in an interview with the Wall Street Journal about how he thinks high-frequency trading can be quite damaging to stock markets. He goes so far as to call high-frequency traders the 'ultimate hackers.' I think the solution is simple. Make it unprofitable with a small transaction tax where the tax is used to fund the SEC where their job is to go out and look for people who manipulate the market with trading programs. There is a video of Cramer admitting to using his hedge fund to move prices where he said the SEC was behind the times... They could make it a penny a share with the first 10,000 shares free each day so small investors don't get charged for paying for this enforcement action. I'd even consider paying a bounty of 1/3 of what is collected in penalties for any proven market manipulation with all who help expose it, including the SEC. Let the SEC give it out as bonuses to attract good detectives... The fact we don't have this and it is allowed to continue tells me congress and the POTUS are bought and paid for.