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Fraudulent trading activity at Mt. Gox

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Re: Fraudulent trading activity at Mt. Gox

#131

Post by Nursie »

bodski wrote: post #130
Nursie wrote: post #118

Earlier quoted context omitted.

False. In many countries currency deposits (up to a certain level) are protected by law and government guarantees.

I didn't say you won't get your money but that legally speaking the money, once deposited, is not yours any more, it is an asset of the Bank. This is why you'd need insurance/government-guarantees during a bank failure, otherwise you'd be treated just like a stock or bond holder who holds no collateral. "From a legal and financial accounting standpoint, the term "deposit" is used by the banking industry in financial…

Your intention was to imply the risk was the same. This is not true.

Re: Fraudulent trading activity at Mt. Gox

#132

Post by fabulist »

shutupalready wrote: post #106
grkvlt wrote: post #71

Earlier quoted context omitted.

So, the world we live in right now then? All trade data, even HFT sourced, is available from exchanges. The only possible exception is dark pools or other crossing networks, but in general it is quite possible to know who bought what from whom, when and for how much.

> All trade data, even HFT sourced, is available from exchanges. You mean it's available to government regulators, but not to the general public, correct? If stock and option trades are part of the public record, there are lots of questions I'd like to answer for myself. Otherwise, we're just taking the word of other people (the regulators). Here's one question: I'd like to know who specifically was behind the huge v…

This is chilling.

What are the odds that this wasn't "insider trading" with the attackers?

Re: Fraudulent trading activity at Mt. Gox

#134

Post by yaluen »

flurpitude wrote: post #133

Did anyone grab a mirror before the site disappeared? "willyreport.wordpress.com is no longer available. This blog has been archived or suspended for a violation of our Terms of Service."

Here's google's snapshot: http://webcache.googleusercontent.com/search?q=cache:http%3A...

Re: Fraudulent trading activity at Mt. Gox

#136

Post by mikeyouse »

shutupalready wrote: post #106
grkvlt wrote: post #71

Earlier quoted context omitted.

So, the world we live in right now then? All trade data, even HFT sourced, is available from exchanges. The only possible exception is dark pools or other crossing networks, but in general it is quite possible to know who bought what from whom, when and for how much.

> All trade data, even HFT sourced, is available from exchanges. You mean it's available to government regulators, but not to the general public, correct? If stock and option trades are part of the public record, there are lots of questions I'd like to answer for myself. Otherwise, we're just taking the word of other people (the regulators). Here's one question: I'd like to know who specifically was behind the huge v…

I'm sure it was an innocent oversight for you to leave off the remainder of the 9/11 commission's quote;

"""

A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10.

Similarly, much of the seemingly suspicious trading in American on September 10 was traced to a specific U.S.-based options trading newsletter, faxed to its subscribers on Sunday, September 9, which recommended these trades. The SEC and FBI, aided by other agencies and the securities industry, devoted enormous resources to investigating this issue, including securing the cooperation of many foreign governments.

"""

Re: Fraudulent trading activity at Mt. Gox

#137

Post by mikeyouse »

fabulist wrote: post #132
shutupalready wrote: post #106

Earlier quoted context omitted.

> All trade data, even HFT sourced, is available from exchanges. You mean it's available to government regulators, but not to the general public, correct? If stock and option trades are part of the public record, there are lots of questions I'd like to answer for myself. Otherwise, we're just taking the word of other people (the regulators). Here's one question: I'd like to know who specifically was behind the huge v…

This is chilling. What are the odds that this wasn't "insider trading" with the attackers?

> What are the odds that this wasn't "insider trading" with the attackers?

Extremely high.

http://www.snopes.com/rumors/putcall.asp

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