The US stock markets were designed to handle a large volume of small orders for individuals who paid brokers well to do their business. Today they process a small volume of large orders from institutional investors, most of whom pay their brokers only a few cents a share. The community of brokers gets even by trading against its customers, often secretly or through hidden nominees, while the institutions are seeking new settings for trading without informing their brokers. And the SEC has proved unwilling or unable to step ...
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The US stock markets were designed to handle a large volume of small orders for individuals who paid brokers well to do their business. Today they process a small volume of large orders from institutional investors, most of whom pay their brokers only a few cents a share. The community of brokers gets even by trading against its customers, often secretly or through hidden nominees, while the institutions are seeking new settings for trading without informing their brokers. And the SEC has proved unwilling or unable to step in and police these off-the-floor activities. We are well on the road to losing the honest and open markets that have contributed so much to our prosperity. This insidious phenomenon - the growing tendency of brokers to trade against their customers - affects the investor.
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Seller's Description:
Very Good. Very Good condition. Good dust jacket. With remainder mark. A copy that may have a few cosmetic defects. May also contain light spine creasing or a few markings such as an owner's name, short gifter's inscription or light stamp. Bundled media such as CDs, DVDs, floppy disks or access codes may not be included.
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Very good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!
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Seller's Description:
Very Good+ with no Dust Jacket. 0465053629. 8vo 8"-9" tall; 224 pages; Gold-toned hardcovers with black cloth spine wraps. Gold lettering on spine. Spine is straight, binding tight. Pages are clean and remain bright. No dust jacket. Remainder mark on lower page edges near spine.
