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  • The SEC was already looking into Knight Capital's (KCG) risk management procedures at the time of it's now infamous trading debacle, says Fox News' Charlie Gasparino. This adds a new twist to the story, says Gasparino, because at the time, SEC officials were conducting what is known as a “sweep” to determine if the firm was in compliance with its new "Market Access" rule. If they had been, it could have prevented the trading glitch. At a minimum, it's possible that the agency might have pointed out the firm's shortcomings before the trading error occurred. [View news story]
    this was an unintentional error for what ever reason. stop the negativity about the company and wait for a fix hopefully very soon.
    go after the Corzine type crooks.
    Aug 16, 2012. 10:56 AM | 1 Like Like |Link to Comment
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