Steve Cohen and SAC capital gets Wells Notice from SEC. This could change the Hedge Fund industry for foever. HFT not to blame as compared to corrupt humans traders
Thanks to some greedy little trader who got caught on some massive insider trader for what could be the biggest inside trading case yet. This could implicate the big fish Steve Cohen. Rumors persist he was part of the orders to let his minion trade that got caught after the big fish ordered the trades. There is a lot of accusation going around like that. Remember the London Big Whale that just went to prison but some say it was his bosses that should go to jail. We also got the LIBOR issues as well. Hedge fund traders will be changing. Oh what was that about high frequency trading and automated trading again? Computer don’t make mistakes like this.
If you are one of those whiny retail traders complaining about HFT, you can go back to your cave and cry as you look for a new career.
Or as I say, you may want to join the newsletter to understand automated tradingFACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!