This report shows how the big Wall Street banks and large hedge funds exploit their access to more information to front-run unsuspecting investors. The takeaway is that certain exchanges (NYSE and NASDAQ by admission) are selling information about investors without their knowledge. Buyers of this information use it to anticipate trades, i.e. front run. The trading intentions of thousands of investors (which is what the exchanges sell) can be a quite reliable indicator of short-term price direction, which means the buyers of the info are legally engaging in Insider Trading, in my opinion. I highly recommend you read this report and share it with other people. Clearly, financial regulators are caught asleep at the wheel once again. See my post on: What are the regulators doing? to learn how this is possible.

Click here for the THEMIS — Data Theft On Wall Street — 05.11.10

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