Both SEC And FINRA Admit That The Market Is Rigged (And They Are Powerless To Fix It)!

• Both SEC And FINRA Admit That The Market Is Rigged (And They Are Powerless To Fix It)! 
  by Tyler Durden, www.zerohedge.com
  Curious why investors are bailing out of the market, or rather “market” – which trades a few basis points away from its all time highs on nothing but central-bank liquidity and multiple expansion fumes – at a pace unseen since 2009? Well, the fact that not only an SEC commissioner, but the Chairman of Finre himself admit the market is rigged may have something to do with it…
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  First, here is SEC commissioner Luis A. Aguilar, who unlike his former CFTC peer Bart Chilton hasn’t been purchased by the HFT lobby yet, with “Enhancing Oversight of Our Equities and Options Markets.” An excerpt:
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  A Rule Better Aligned with the Current Marketplace
  Being able to identify and respond to emerging trends is the hallmark of any effective regulator. Although long overdue, the proposed amendments are intended to bring Rule 15b9-1 in line with the realities of today’s securities markets. Specifically, the proposed amendments, if adopted, would achieve three things:
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  read more!

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