little did he know

It’s inconceivable that they can regulate [high-frequency trading],” said Ralph Ferrara, a former SEC general counsel. “There are too many [high-frequency trading] systems; they’re all idiosyncratic; they’re all different. The SEC is starved for cash, starved for talent. A small-sized hedge fund can outperform the SEC,

—from the Huffington Post article SEC Fails To Monitor More Than Half Of Stock Trading, Former Agency Lawyers Say (via govtoversight)

(via govtoversight)