May 26, 2010
SEC actions do nothing to protect the indiv trader
SEC goal has nothing to do with protecting the indiv trader.
SEC allows brokers to manipulate large trades and make more commissions when market whipsaws and nothing SEC will do will fix that while SEC goes after indiv insider trading which has NO impact on indiv traders gain or losses.
SEC employees are part and parcel of the stock trading business and have no motivation to help indiv traders.
SEC does nothing to control fake reports by Ratings agencies.
"SEC is like a weak parent with no backbone, no sense of discipline, and no moral values"