The revolving door between finance cheaters and regulators is well oiled and completely unencumbered. Recall that Ben Bernanke unashamedly took a plum consulting gig with HFT market-skimmer-extraordinare firm Citadel, after he retired from head of the Federal Reserve. Well another would-be-regulator, the SEC, just saw its chief HFT trading expert exit and sign on with Citadel too. These people have no shame and they are making a mockery of fair and open markets as well as integrity and ethics. In no universe is this defensible. The revolving door must be jammed. The inmates are running the asylum and buying off the cops and we are all paying the costs.
Any wonder HFT gets free reign to cheat us?
SEC’s former high-frequency trading expert joins Citadel https://t.co/h65wrlYtLg via @WSJ
— Danielle Park (@kdaniellepark) September 16, 2016
;
