Bloomberg Acknowledges Wall Street Crime

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Mark Melin
Published on
Updated on

Former New York City Mayor and perhaps the region’s biggest champion Michael Bloomberg made an amazing statement recently. “Too many events where people are breaking the law” In an interview on CNBC, the former New York City mayor and Wall Street innovator spoke with candor about high frequency trading and the general “criminal issues” on Wall Street.  “I think there are too many events that have taken place where people were breaking the law,” he said.  “People were not looking out for their customers best interests.” Bloomberg was interviewed on CNBC by Andrew Ross Sorkin, a man who has perhaps seen…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.