Ayala Pharmaceuticals Inc (ADXS)

[gbrown6332]

Solid consensus on the board about the unfair nature of HFT and the impact it has on small biotech's like ADXS. Agree it's wrong on multiple levels and should be outlawed. Here's why we're stuck with it.

This headline from 2013:

"Congress has exempted itself from the laws that send ordinary Americans to jail if they engage in insider trading?"

Multiple members of congress acted on insider knowledge and economic briefings and pulled personal finances out of large US Financial institutions before the 2008 market meltdown. Feel free to look it up. After a 60 Minutes expose in 2011 on Congressional insider trading ignited a short lived public outcry, feeling the heat, Congress quickly passed the Stocks Act subjecting themselves to common insider trading laws. President Obama signed the new act into law in April 2012.

Congress subsequently and quietly gutted the Stocks Act by April 2013 by removing key reporting and enforcement provisions on a voice vote. The President again signed the changes into law and they were back in business, insider trading as usual. And people wonder how you get obscenely rich serving in the US Congress.

My tooth enamel grinding point being, getting relief from any DC based agency or Congress on fixing blatant HFT abuses is about as likely as one of us encountering Sasquatch at dinner this evening. Not right, but reality.

G.B.