Stock swindle: Ellen Frank believes that insider trading is just business-as-usual in the market that never closes.
New Internationalist › Nbr. 2003, June 2003
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Market Manipulation
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Stock swindle: Ellen Frank believes that insider trading is just business-as-usual in the market that never closes.
IN the bad old days of rugged, unrestrained capitalism, Wall Street was virtually synonymous with. lawful thievery. Stock trading was the province of cold-blooded insiders. Wall Street was a place where shrewd operators fleeced the unwary piker by spreading false information, issuing paper in nonexistent companies or borrowing against assets they did not own. After the stock-market crash of 1929, Congress established the Securities and Exchange Commission (SEC) to impose some order. Financial reforms of the 1930s required companies to file audited financial reports, outlaw...
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