Scribd Logo
Upload

Welcome to Scribd!

  • 32 views

    NYSE Specialist Litigation - Order Handling and Execution Fraud (Barre 2nd Statement)

    Uploaded by

    James McCarrick
    IN RE NYSE SPECIALISTS SECURITIES LITIGATION, 03 Civ. 8264 (RWS). (S.D.N.Y.) Observations of high-volume trading platform operator of patterns of securities fraud in market centers regulated by Securities Exchange Act Section 11A and related order handling and disclosure regulations: Additional representative quotations: Para 4: ...[E]xecution fraud which occurred was far more widespread and systematic and that the record, when presented, will show that this is actual a case of market manipulation with respect to execution cost." "[T]he magnitude of the economic phenomenon associated with this manipulation of market controls can be shown to be far greater than currently alleged." "[B]efore the Court, albeit in disguised and undeveloped form, is a case of 'fraud-on-the-national-market-system.'" Para 5: "Dash 5 metrics (after Rule llAcl-5) represent an economic cost language, not a price language, for observing and measuring die aggregate phenomenon of wealth dynamics in market centers. As it turns out, one may only detect price discrimination or manipulation from outside or within a market in limited degrees, if one measures for wealth effects in the form of price effects. This does not mean, however, that the market center is operated in a fair and orderly manner, if measuring for cost effects - at least from the perspective of this non-lawyer."

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    NYSE Specialist Litigation - Order Handling and Execution Fraud (Barre 2nd Statement)

    Uploaded by

    James McCarrick
    32 views8 pages
    IN RE NYSE SPECIALISTS SECURITIES LITIGATION, 03 Civ. 8264 (RWS). (S.D.N.Y.) Observations of high-volume trading platform operator of patterns of securities fraud in market centers regulated by Securities Exchange Act Section 11A and related order handling and disclosure regulations: Additional representative quotations: Para 4: ...[E]xecution fraud which occurred was far more widespread and systematic and that the record, when presented, will show that this is actual a case of market manipulation with respect to execution cost." "[T]he magnitude of the economic phenomenon associated with this manipulation of market controls can be shown to be far greater than currently alleged." "[B]efore the Court, albeit in disguised and undeveloped form, is a case of 'fraud-on-the-national-market-system.'" Para 5: "Dash 5 metrics (after Rule llAcl-5) represent an economic cost language, not a price language, for observing and measuring die aggregate phenomenon of wealth dynamics in market centers. As it turns out, one may only detect price discrimination or manipulation from outside or within a market in limited degrees, if one measures for wealth effects in the form of price effects. This does not mean, however, that the market center is operated in a fair and orderly manner, if measuring for cost effects - at least from the perspective of this non-lawyer."

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    IN RE NYSE SPECIALISTS SECURITIES LITIGATION, 03 Civ. 8264 (RWS). (S.D.N.Y.) Observations of high-volume trading platform operator of patterns of securities fraud in market centers regulated by Securities Exchange Act Section 11A and related order handling and disclosure regulations: Additional representative quotations: Para 4: ...[E]xecution fraud which occurred was far more widespread and systematic and that the record, when presented, will show that this is actual a case of market manipulation with respect to execution cost." "[T]he magnitude of the economic phenomenon associated with this manipulation of market controls can be shown to be far greater than currently alleged." "[B]efore the Court, albeit in disguised and undeveloped form, is a case of 'fraud-on-the-national-market-system.'" Para 5: "Dash 5 metrics (after Rule llAcl-5) represent an economic cost language, not a price language, for observing and measuring die aggregate phenomenon of wealth dynamics in market centers. As it turns out, one may only detect price discrimination or manipulation from outside or within a market in limited degrees, if one measures for wealth effects in the form of price effects. This does not mean, however, that the market center is operated in a fair and orderly manner, if measuring for cost effects - at least from the perspective of this non-lawyer."

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    32 views8 pages

    NYSE Specialist Litigation - Order Handling and Execution Fraud (Barre 2nd Statement)

    Uploaded by

    James McCarrick
    IN RE NYSE SPECIALISTS SECURITIES LITIGATION, 03 Civ. 8264 (RWS). (S.D.N.Y.) Observations of high-volume trading platform operator of patterns of securities fraud in market centers regulated by Securities Exchange Act Section 11A and related order handling and disclosure regulations: Additional representative quotations: Para 4: ...[E]xecution fraud which occurred was far more widespread and systematic and that the record, when presented, will show that this is actual a case of market manipulation with respect to execution cost." "[T]he magnitude of the economic phenomenon associated with this manipulation of market controls can be shown to be far greater than currently alleged." "[B]efore the Court, albeit in disguised and undeveloped form, is a case of 'fraud-on-the-national-market-system.'" Para 5: "Dash 5 metrics (after Rule llAcl-5) represent an economic cost language, not a price language, for observing and measuring die aggregate phenomenon of wealth dynamics in market centers. As it turns out, one may only detect price discrimination or manipulation from outside or within a market in limited degrees, if one measures for wealth effects in the form of price effects. This does not mean, however, that the market center is operated in a fair and orderly manner, if measuring for cost effects - at least from the perspective of this non-lawyer."

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 8

    You might also like