Okay, maybe they have had a couple of meetings with HFT firms and lobbyists and exchange officials and whoever else is raking in millions but from where I sit nothing is getting done.
Let me break it down for you in a simple manner. When another investor gets to go inside the market and take a look at my order and front-run it to the detriment of our clients that is wrong.
I think the SEC calls it "providing liquidity". I call it theft.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now CEO of the Parisian Family Office. A White Earth Chippewa, Dean helped Native Americans for decades. Raised conservative, began Wall Street career in 1982, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime and life well lived at their Ghost Ranch in MT or Pamelot, the Parisian's TN farm.
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