-
"Stock Trading Whiz Kid" Fined $1.5 Million By SEC For Being a "Paper Trading" Fraud
One of the most amusing "investor" types to emerge as a result of the Fed's 7-year-long attempt to centrally plan the market, has been the infamous 17-year-old "hedge fund" manager, who while not actually trading for lack of cash and, of course, the remotes clue what to do, was happy to advise others of his paper trades on twitter or via newsletters, and collect a fee for such "services." And while it was easy to pretend trade for years and years as long as the Fed injected trillions into the "market", levitating stocks every higher, lately it has been far more difficult, not only for real trader, but also for ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 15, 2016 11:53am Sep 15, 2016 11:53am
- Mingary
- Joined Mar 2011 | Status: I should be on your ignore list | 2344 Comments
- Comment #2
- Quote
- Sep 15, 2016 12:46pm Sep 15, 2016 12:46pm
- Neqrotik
- | Joined Jun 2013 | Status: Member | 76 Comments
The coincidental success is more dangerous than the expected failure
- Comment #3
- Quote
- Sep 15, 2016 1:14pm Sep 15, 2016 1:14pm
- TraderHo
- | Joined Jun 2010 | Status: Member | 6 Comments