Stealing the Market: How the Giant Brokerage Firms, With Help from the Sec, Stole the Stock Market from Investors
| Author | : | |
| Rating | : | 4.98 (914 Votes) |
| Asin | : | 0465053629 |
| Format Type | : | paperback |
| Number of Pages | : | 224 Pages |
| Publish Date | : | 0000-00-00 |
| Language | : | English |
DESCRIPTION:
Mayover, Free Lib. This interesting, thought-provoking, and controversial tome will appeal to many who follow stock market activities.- Steven J. Today, according to Mayer, they often work against the client by building up their own accounts at his expense. . He analyzes the role of the individual investor with respect to that of the large institutions, specifically brokerage firms, who in the past worked for the individual investor. From Library Journal Well-known for his popular and very readable books on financial matters ( The Greatest-Ever Bank Robbery , LJ 10/1/90), Mayer presents a different perspective on the stock market, saying that the stock market no longer serves who it was meant to. of PhiladelphiaCopyright 1992 Reed Business Information, Inc
We are well on the road to losing the honest and open markets that have contributed so much to our prosperity. 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. bond market. This insidious phenomenon - the growing tendency of brokers to trade against their customers - affects the investor. The author, one of this country's most knowledgeable financial journalists, introduces a fascinating cast of characters, from Leo Melamed, born in a Polish shtel, who as head of the Chicago Mercantile Exchange made some p
Shows how the SEC failed to enforce basic regulatory rules Mayer (M) demonstrated great prescience in this 1992 book by showing that the stage had been set for the great stock market bubble of 1995-2000.One of the major ways this bubble was able to keep growing,besides the Federal Reserve System's(Alan Greenspan and the Governor of the Federal Reserve District Bank of New Y