SEC Chair Mary Jo White Earns the Wrath of the Media for Refusing to Acknowledge High Frequency Trading Perks as a Crime

By Pam Martens and Russ Martens: May 30, 2014

SEC Chair Mary Jo White’s untenable position that “markets are not rigged” is bringing unwelcome attention to the SEC’s dismal record on ensuring that stock exchanges operating in the U.S. are fair.

Since bestselling author, Michael Lewis, went on 60 Minutes on March 30 to detail, step by step, how the stock market is rigged – there has been a slow, but steady, realization that the woman President Obama sold to the American people as the white knight who would rein in abuses on Wall Street has failed miserably in that role.