Replies to post #1874 on KCG Holdings (KCG)

[Globaltrnr]

I think they get bailed out by some company ... they have too many secrets to go down ... Its not just Knight that breaks the SEC laws .. they are just the largest, if they go down there will be whistle blowers .. then the SEC will be investigated for knowing and allowing these acts .. then the SEC will blame another agency .. and so on .. JMO.

I am happy with my profits shorting this pig BUT got out at the end of the day .. it could bounce and burn the shorts to their bones if they get funding. too many emotional traders in this and that breaks trading rule #1..

I hope your position, whatever it may be gains you tons of green my friend.

[madeindet]

Captured regulators....former SEC Chairman consultant to Goldman Sachs

Study Group The incident shows regulation is “broken” and a study group should be convened to review technology and market structure, Arthur Levitt, former chairman of the Securities and Exchange Commission, said in an interview. Regulators would have been able to stop incidents such as yesterday’s breakdown if they didn’t face a lack of resources, he said.
“The ability of regulators to do their job has never been weaker than it is today because of the failure of the oversight process,” Levitt, 81, said yesterday in an interview. Levitt serves as a consultant to Getco LLC and Goldman Sachs Group Inc. and is a director of Bloomberg LP, parent of Bloomberg News. “Congress has a greater responsibility for what we’re seeing today than any regulator or any particular part of the industry. They’ve allowed this to happen.”

[madeindet]

Gee what a surprise Goldman Sachs one of the biggest owners of Knights CD Note....

.Investors hold $375 million of Knight convertible notes and can demand repayment if there’s a “fundamental change,” including a sale, according to a 10-K filing. The biggest owners of the notes are Goldman Sachs, Oaktree Capital Management, Invesco Ltd. and Citadel Advisors LLC, according to data compiled by Bloomberg. The bonds lost 16.125 cents to 67 cents on the dollar, sending the yield up to 20 percent.