Wed, 13 Apr 2005

Fifteen NYSE Traders Indicted

This is rot at the very heart of the system. If it's not excised immediately, and if controls are not put into place to prevent it's recurrence, the integrity of the whole market could be in jeopardy, and with it our entire economy.

washingtonpost.com - Fifteen current and former traders at the New York Stock Exchange were criminally charged yesterday with cheating investors out of the best prices for their stock trades in what could be unparalleled abuse of their position at the world's largest and most prestigious stock market.

(link) [Yahoo! News: Top Stories]

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