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S.E.C. Chief Calls for Sweeping Changes to Stock Market Rules

edited June 2014 in Off-Topic
"The S.E.C. chairwoman, Mary Jo White, on Thursday unveiled a sweeping package of recommendations for new rules and other changes aimed at strengthening the structure of the market and improving disclosures for investors. The laundry list of proposed changes would touch virtually every corner of the market, including exchanges, private trading venues, brokerage firms and high-frequency traders."

"The recommendations aim to shine a light on the dark corners of the modern stock market."

NY TImes Article

Comments

  • lol. They aren't going to do anything. I'll continue to own Intercontinental Exchange (which owns the NYSE) and may add a little more to it.
  • edited June 2014
    Former Montana Gov. Brian Schweitzer (D) has no doubt in his mind that he'd make a better president than former Secretary of State Hillary Clinton, the latest comments he's made antagonizing the potential Democratic front-runner.
    "Well, I think so, of course," he told TIME magazine when asked if he'd do a better job as president than Clinton would.
    Schweitzer also took shots at Clinton for her votes for the Iraq War and Wall Street connections.

    "You can’t be the candidate that shakes down more money on Wall Street than anybody since, I don’t know, Woodrow Wilson, and be the populist.

    June 05, 2014, 11:30 am
    Schweitzer: 'Of course' I'd be better president than Hillary Clinton
    http://thehill.com/blogs/ballot-box/presidential-races/208368-schweitzer-says-hed-make-a-better-president-than-hillary

    Poll pourri (Disclaimer:This is a Fox News Poll)
    ECONOMY
    Fox News Poll: Voters feel better about the economy, say stock market rigged

    Nearly six voters in 10 say the stock market is rigged to favor some investors. That’s a big shift since 2007, the last time the question was asked on a Fox poll.

    Twice as many voters think the stock market is rigged as say it is fair and honest (58 percent vs. 26 percent). That’s the opposite of how people felt before the 2008 crash. At that time, just 30 percent felt the market was rigged, while 48 percent it was fair.

    The shift in views is across-the-board. Higher and lower-income groups, all age groups, as well as Democrats, Republicans and independents are all about twice as likely to view the stock market as rigged today.

    In addition, those living in households earning more than $100,000 annually (60 percent) are just as likely as those earning less than $30,000 (62 percent) to feel the market is fixed.

    The Fox News poll is based on landline and cell phone interviews with 1,006 randomly chosen registered voters nationwide and was conducted under the joint direction of Anderson Robbins Research (D) and Shaw & Company Research (R) from June 1-3, 2014. The full poll has a margin of sampling error of plus or minus three percentage points.
    Question # 29
    http://www.foxnews.com/politics/interactive/2014/06/05/fox-news-polls-2014-midterm-elections-economy-stock-market/
  • edited June 2014
    The two major parties are wholly owned by Big Money. One is just MORE owned, by a bit, than the other. Scott is, sadly, correct. Such is life in our Oligarchy. The APPEARANCE of serving the public must be maintained. But as we all know: "Oceania has ALWAYS been at war with East Asia." (Right? It's right if The Party says so.)
  • edited June 2014
    test (can't seem to post this morning. Longer posts not going through. The front page pops up.)
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