Silver as an investment

A Wall Street Felon and High Frequency Traders Announce Plan to Form Stock Exchange

A Wall Street Felon and High Frequency Traders Announce Plan to Form Stock Exchange

By Pam Martens: January 9, 2019 ~ A group of nine financial firms, including an admitted felon and two high-frequency trading powerhouses, announced this week that they plan to open a national stock exchange to compete head on with the New York Stock Exchange and the Nasdaq. We’ll detail those players shortly but first some necessary background to explain why this plan must never come to fruition. Yes, our two major stock exchanges are a viper’s nest of conflicts of interest and in desperate need of reform, but this motley crew can only make matters worse. Following the 1929 stock market crash, the U.S. Senate conducted three years of hearings into the brazen self-dealing and rigged trading by the major Wall Street firms that resulted in an epic crash that eventually erased 90 percent of the stock market’s value, led to the collapse of thousands of banks, and brought on the … Continue reading