Stock Room

[Howardhaftel]

I agree but you have just touched on the problem. Where there is a large amount of money to be made there will be crooks bilking the public. The brokers rob from the poor and give to the rich, a reverse Robin Hood. Nite has been under investigation by the SEC and Congress and I think he borders on anti trust by controlling most of the market. The SEC should be eliminated and the duties taken over by the Justice Dept. The SEC doesn't have the trained people to spot scams by well trained CPA that know the gimmicks. I need not mention names because some are in jail and one bilked the public out of an estimate $50 billion. Its all public record. Congress as of late has been kicking the SECs butt and they are responding to save their butts. the banks are loaded with crooks as well as the brokers. One financial institution was just fined $450,000 and amount less then the cost to bring them to justice. They paid out billions in commissions, if you want to teach them a lesson then take their commissions for a starter and as a lesson not to do it again multiply that by 2 or 3. If it isn't profitable to steel they won't.
You have two different conditions that exist today. We have laws and we have the enforcement of the laws. We don't need more then a fine tuning of the laws in some cases what we need is to enforce the laws. Hugh fines and jail will solve the problems.
Yes this is America where the mob runs free to bilk the public.