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Market Manipulation

Non-Farm Friday: Is Our Economy Working?

Phil Davis | Posted 11.06.2015 | Business
Phil Davis

Only 37% of NYSE stocks are over their 200-day moving average.   Usually, that's the kind of statistic you see in a bear market but, mi...

Monday Mandarin Meltdown: China's Fake GDP Still Sucks!

Phil Davis | Posted 10.19.2015 | Business
Phil Davis

Do not fall for the streaming BS coming from the U.S. media, who are completely in bed with China and would do nothing to upset them. If everything were so great in China - then what's up with all the emergency stimulus, rate easing and market halting?

Wages (or Lack Thereof) Are Killing This Country

Phil Davis | Posted 09.16.2015 | Business
Phil Davis

If you have a wife and a kid (or should those things be denied to people?) how do you house, clothe and feed them while saving for college and retirement? And remember - $15/hr is DOUBLE what millions of people are actually making under the current rules.

Legal Confusion as to Spoofing

Andrew Verstein | Posted 05.12.2015 | Business
Andrew Verstein

Five years and a week ago, the market suffered one of the most violent drops and bizarre recoveries. Just a few short weeks ago Navinder Singh Sarao was accused of having helped cause it.

How Advertisers Can Use Your Personal Information To Make You Pay Higher Prices

Tarun Wadhwa | Posted 04.02.2014 | Technology
Tarun Wadhwa

What is at stake isn't purely a matter of annoying ads or nosy companies -- it's a deep set of customer protections that have taken decades of hard work to secure.

A Rejoinder to President Obama's Views on Oil Speculation

Emmanuel I.S. Ajuzie | Posted 01.23.2014 | Business
Emmanuel I.S. Ajuzie

The question is not whether or not speculators assist in the efficient operation of the market but whether or not that type of speculatory behavior should be extended fully to a commodity so vital to the livelihood of nations, especially people in the middle class and poor.

Traders Manipulated Currency Rates To Profit Off Clients

The Huffington Post | Mark Gongloff | Posted 06.12.2013 | Business

To the long and growing list of global markets subject to wanton manipulation by traders, including interest rates, derivatives, gold and oil, we can ...

Mark Gongloff

Gold: The Next Libor Scandal? | Mark Gongloff | Posted 03.14.2013 | Business

The Libor scandal is so 2012 you guys, so so boring, but thank goodness we have a brand new market-rigging scandal to enjoy now, one that will enterta...

BP Smacked With Damning Accusations

Posted 02.04.2013 | Business

An ex-BP worker is accusing his former employer of manipulating gas prices. Drew Sickinger, BP’s former head of gas liquids trading, is suing th...

It's So Easy To Rig Markets These Days

The Huffington Post | Mark Gongloff | Posted 11.13.2012 | Business

And now it's time for another installment in our continuing series, Manipulating Markets Is Easy. What have traders gone and manipulated this time? Th...

Former Luxury Car Executives May Face Criminal Charges

Reuters | Posted 08.06.2012 | Business

FRANKFURT (Reuters) - German prosecutors will soon decide whether to bring criminal charges of market manipulation against the former top management o...

D.M. Levine

Barclays Scandal Likely to Spread | D.M. Levine | Posted 07.06.2012 | Business

As the Libor manipulation scandal at British banking giant Barclays continues to escalate with the launch of a criminal probe, U.S. traders, former re...

Scandal-Plagued Bank Thinks It All Just A Bit 'Ironic'

Reuters | Posted 09.02.2012 | Business

By Steve Slater LONDON, July 3 (Reuters) - Barclays gave its first in-depth account of the interest rate fixing scandal that led to th...

JPMorgan Chase Manipulation Scandal Raises Specter Of Enron

Mark Gongloff | Posted 09.02.2012 | Business
Mark Gongloff

Did Jamie Dimon break a mirror or something? Because his bank, JPMorgan, once less fallible than the Pope, is suddenly having a terrible run of luck. ...

Some High-Frequency Trading Proves Infeasible

Irene Aldridge | Posted 06.18.2012 | Business
Irene Aldridge

Recent arguments accuse high-frequency traders (HFTs) of a specific market distortion scheme. The HFTs, the argument goes, use their soon-to-be-cancelled limit orders to mislead large investors about the shape of the supply and demand curve.

Market Manipulation Amid the Mayhem

Diane Francis | Posted 10.15.2011 | Business
Diane Francis

It's been a week of thuggery on London streets, Syria's cities and on stock markets.

Trader Gets $1 Million Fine For Attempted Market Manipulation

Posted 09.24.2011 | Business

WASHINGTON (Christopher Doering) - A former portfolio manager for Moore Capital Management agreed on Monday to pay the U.S. futures regulator $1 m...

Barron's Brings Us Halloween in July Predicting $150/bbl Oil

Raymond J. Learsy | Posted 09.04.2011 | Business
Raymond J. Learsy

Business must be slow and circulation down at Barron's. What better way to stimulate newsprint distribution than a blazoned scaremonger front page headline as in this past weekend's edition, "Get Ready For $150 Oil".

The Silver Scam: How Wall Street Plans to Control Commodity Prices

Daniel Dicker | Posted 08.08.2011 | Business
Daniel Dicker

Silver and BlackRock's silver ETF, iShares Silver Trust ETF (SLV), have been the target of some wild rumors in the past several months.

Insider Trading Probe Leads Investors To Wonder: Is The Market Rigged?

AP | RACHEL BECK, BERNARD CONDON and PALLAVI GOGOI | Posted 05.25.2011 | Business

NEW YORK — The Wall Street insider trading investigation may lead everyday investors – already rattled by a stock market meltdown, a one-day "flas...

Will Christmas Shopping Save US? Don't Bet On It

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Get in gear people, and get your wallets back to the mall: do your duty for Santa and Wall Street. It will be difficult for the economic recovery to make much headway without a pick-up in consumer spending.

SEC Will Probe Stock Crash, Possible Manipulation: Report | David Scheer | Posted 05.25.2011 | Business

May 7 (Bloomberg) -- U.S. regulators plan to examine whether securities professionals triggered yesterday’s stock- market plunge or exploited the tu...

Computerized Front Running: Another Goldman-Dominated Fraud

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Automated program trading, which allows traders to peek at incoming orders, explains how Goldman's trading division earned at least $100 million per day on 116 out of 194 days last year.

CDO Market -- Rife With Collusion and Manipulation?

Thomas Adams and Yves Smith | Posted 05.25.2011 | Business
Thomas Adams and Yves Smith

Despite extensive credit crisis postmortems, many of the widely accepted explanations of what happened are at odds with facts on the ground.

Investigate This: Why Did the Market Tank?

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

The finance industry's jargon keeps people from figuring out what's going on. Traders and brokers have come up such complex instruments that even financial journalists don't understand the markets.