SEC Must Put A Stop To Casino Markets
By Leon Cooperman, Sal Arnuk and Joseph Saluzzi
A little less than 2,000 years ago, the Great Fire of Rome wiped out nearly three-quarters of the city. It was widely rumoured that Emperor Nero fiddled while his city burnt. A similar story may go down in history with our equity markets. Regulators have done little while recent events have wreaked havoc on what had been the best source of capital formation and creation in the world.
On August 1, Knight Capital’s
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