When Nick Lemann’s New Yorker profile of SEC chair Mary Jo White came out, Felix took issue with this assertion:In 2000, the S.E.C. permitted stocks to be traded in pennies or fractions of pennies, rather than the customary eighths or thirty-seconds of a dollar. That made it easier for traders to make money by placing very large orders for very small variances […]
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The Interplay of Big Data, WorldCat, and Dewey […]
The White HouseOffice of the Press SecretaryFor Immediate ReleaseApril 04, 2012FACT SHEET: The STOCK Act: Bans Members of Congress from Insider Trading“Send me a bill that bans insider trading by members of Congress; I will sign it tomorrow.” — President Obama, State of the Union, January 24, 2012In the State of the Union Address, the President laid out a blueprint […]
In How to Trade in Stocks, Jesse Livermore discussed “the folly of trying to find out a good reason why you should buy or sell a given stock.”He wrote in the context of the behavior of U.S. stocks, whose four major sectors – including steel makers – had risen after World War 2 began. While other sectors continued to advance, […]
