SEC assoc.dir to join GETCO

Full story here from ZeroHedge. From our There-is-no-regulatory-capture-and-collusion-here files…

Now that is has achieved complete regulatory capture, and the SEC has been purchased for 30 pieces of silver, Sky-Net is on the verge of sentience. Going forward nobody except the HFT computers will be trading with each other. The computerized market has now made a complete mockery of regulation, and it cost it about 1 day worth of frontrunning based profits. We fully expect the SEC to find “absolutely nothing wrong” with market structure when it concludes its probe into HFT manipulation. In all seriousness, just what is Getco so worried about if it needs to conduct such a blatant example of “regulatory capture”? This is about as subtle as it gets. The HFTs must be really sweating whatever it is that is coming down the road.

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