Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Seven Years after Michael Lewis Described on National TV How the U.S. Stock Market Is Rigged, SEC Chair Gensler Says He’s Going to Tackle Market Structure

Courtesy of Pam Martens

Gary Gensler

Gary Gensler, SEC Chairman

Yesterday, Gary Gensler, Chairman of the Securities and Exchange Commission, delivered a speech at the virtual Piper Sandler Global Exchange and FinTech Conference. Gensler promised to tackle at least some of the tricked-up aspects of the U.S. stock market that have rendered it the envy of organized crime, rather than the envy of the world as Wall Street titans like to delude themselves.

If Gensler actually follows through on his promise, he will be doing far more than was done by Obama’s SEC chiefs, Mary Schapiro and Mary Jo White.

There is a precise date as to when President Obama and SEC Chair Mary Jo White became overtly aware that the stock market structure had been outrageously rigged. That date is March 30, 2014 when famed author and former Wall Street veteran, Michael Lewis, went on 60 Minutes to proclaim: “The United States stock market, the most iconic market in global capitalism, is rigged.”

When asked to explain just who it is that’s rigging the stock market, Lewis explained that it’s a “combination of these stock exchanges, the big Wall Street banks and high-frequency traders.”

Not only was nothing done by the Obama administration to stop the rigging of the market, but the rigging has actually gotten much worse with the proliferation of Wall Street banks’ Dark Pools and hedge funds taking over big chunks of stock market structure.

Continue Here


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!