HFT Broker charged with manipulative HFT
You can be charged for this ?
..not having adequate risk-management controls, violating the know-your-customer rule and not following rules including the preservation of electronic communications
Lek Securities and its CEO, Samuel Lek, were charged with aiding and abetting manipulative trading by one of its customers, as well as not having adequate risk-management controls, violating the know-your-customer rule and not following rules including the preservation of electronic communications.
http://www.marketwatch.com/story/brokerage-ceo-charged-with-abetting-manipulative-hft-trades-2017-03-27
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
