U.S. regulator rejects proposal for non-transparent ETF. What now?
“…substituting NMS and regulatory police for Dictum Meum Pactum was a bad trade…"
"It just may be that the suddenly electronic NYSE, stripped of its uptick rule, faced more efficiency than it could handle."
Part Two: How the SEC caused the flash crash.
May 6th crash was a foreseeable concatenation of only a few elements..
Goldman yet another blow to reputation of U.S. investment industry.