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FBI raids two hedge funds →
This appears to be the big story for the day. There aren’t many details, which should probably be expected given that this is a large, ongoing FBI operation. The FBI seems to be under the impression that this is a rigged market and that common industry practices might be illegal. This post on naked capitalism is probably the best bit of background information on the consultancies (the key players who aren’t the funds or the actual insiders).
CNBC just reported a third search warrant being executed. Elsewhere, hedge funds have enacted new email retention policies, effective immediately.
Wait, taking customer’s money, investing it, and then betting against it is wrong?
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ahungerartist liked this
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cnjspeaks reblogged this from woody and added:
Wait, which direction are you arguing? Financial markets are heavily regulated. There are volumes of regulation that...
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woody reblogged this from crazynutjob and added:
i like this, so then I can make further fun of libertarian ideals...“self regulating...
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gilmoure reblogged this from crazynutjob and added:
Wait, taking customer’s money, investing it,...then betting against it
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dmdhashw liked this
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crazynutjob posted this
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