It’s common knowledge that human societies work most effectively and harmoniously where there are high levels of trust – in each other and our institutions. Markets cannot operate without trust. Wall Street is learning this as I discussed in Electronic Bulls, Bears & Pigs. Confidence among retail investors has dropped since …
Financial Reform Newsletter: President Obama signing the historic financial reform law
On the eve of the 4th anniversary of President Obama signing the historic financial reform law, Better Markets released a national poll of likely 2014 voters to gauge their opinion of Wall Street, big banks and what leaders in Washington, D.C. are doing to protect them from another financial crash: What …
BETTER MARKETS: Financial Reform Newsletter – “More Wall Street settlements are coming”
As the media reports that more Wall Street settlements are coming, Better Markets continues to fight for accountability on Wall Street and at the Justice Department, urging a federal court to require DOJ to tell the American people what JPMorgan Chase did in causing the 2008 Financial Crisis: Pushing forward with …
IEX Pricing Aims to Drain ‘Dark Pools’
In its bid to become a full-fledged stock exchange, IEX Group Inc. plans to unveil a pricing system aimed at stealing market share from other exchanges and enticing big banks to shut down their so-called dark pools. The upstart firm will allow broker-dealers, including most Wall Street banks, to trade …
Electronic Bulls, Bears and Pigs: Predicting the Next “Flash Crash”
By Hazel Henderson Remember the old Wall Street adage, “Bulls make money; bears make money; pigs go broke!”? Today, not so much. Pigs often win, particularly those armed with computers and algorithms. Speed and complexity are the tools of those seeking alpha, hiring quants to create ever more complex derivatives …
Wall Street Greed: Not Too Big for a California Jury
Sixteen of the world’s largest banks have been caught colluding to rig global interest rates. Why are we doing business with a corrupt global banking cartel? United States Attorney General Eric Holder has declared that the too-big-to-fail Wall Street banks are too big to prosecute. But an outraged California jury might …
Book Review: ‘Flash Boys’ By Michael Lewis
Summary How high frequency trading works against investors. Highlighting the sleuthing efforts of Brad Katsuyama to bypass the digitization of wall street. Using a financial transaction tax (FTT) to curtail hft. Flash Boys by Michael Lewis, WW Norton, New York, 2014 READ MORE HERE
Is the U.S. stock market rigged?
Is the U.S. stock market rigged? Steve Kroft reports on a new book from Michael Lewis that reveals how some high-speed traders work the stock market to their advantage The following script is from “Rigged” which aired on March 30, 2014. Steve Kroft is the correspondent. Draggan Mihailovich, producer. This …
REFF Wall Street, June 25-26
Event Overview REFF-wall street is the premier renewable energy financing event in the U.S. Attendees of this event include CEOs and other senior company officials, lenders, investors, investment bankers, private equity investors, venture capitalists and other top transactional professionals in renewable energy finance. The event draws an especially senior audience, …
Crowdnetic closes its seed round, Can Reg A replace the small cap IPO?, LendIt’s pre-conference cocktail are nearly sold out
NowStreet Wire – The Leading Resource for Crowdfinance Crowdnetic Closes $1.6 Million in Seed Funding Signifying the investment community’s growing enthusiasm for crowdfinance, Crowdnetic, leading provider of market data solutions for the global crowdfinance industry and parent of NowStreet Wire, announced this week that it has closed a $1.6 …