How about you just make the SEC do their job. There job is:
The SEC’s job is to regulate stock markets, police securities sales and make sure public companies make adequate disclosures to investors about their finances.
Now you want to Fed to have the power of the SEC!!! How is this even legal!!
Karl Denninger over at Market Ticker is just as outraged!!
I was able to obtain the new Series 7 questions that will be able to
Question 1:
A client comes to you with information about a stock, that is confidental you should:
A) Tell the client that this is inside information and not cannot be used
B) Tell the clien you can't use this information, then after he/she leaves buy a boat load of the stock for your big clients and yourself
C) Tell the client its a great idea, front-run their order and buy shares for yourself then buy shares for the client
D) Front-Run the client, tell your friends and familyand big clients, then buy the client into the stock
Answer:
(D)
