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Drain the Swamp

Sigma Investment Counselors

August 31, 2010

Read the article from this week’s Barron’s Magazine – “Was The Flash Crash Rigged?” The expert cited in the article implies market manipulation by high frequency trading (hft) firms. If they have not done so already, the SEC needs to immediately launch an investigation (and be more rigorous than when investigating Madoff). Capitalism thrives because of the rule of law and a sense that market manipulation will not be tolerated AND in fact, will be punished. As put off by events of the past several years as retail investors are, this should be a high priority for regulators.

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