Viewing a single comment thread. View all comments

Negative-Mood t1_j9lef4c wrote

Reply to comment by L33n1xu5 in The SEC is going to track EVERY stock trade by postonrddt

I love the large volume price swings that happen the day, or days, before news is publicly available. We all know that is insider trading, but SEC rarely does anything about it. Maybe now the will.

2

Okbutbushdid711 t1_j9m5490 wrote

Do you really think the government will become more competent? Theyll probably just have a data center that will have thousands of Petabytes of data in it that will never get looked at until we have quantum computers and the need to target someone

1

Negative-Mood t1_j9nk4kf wrote

At least now their agents can use it to investigate reports by whistleblowers and others who notice the behavior. No, I do not believe they will actively monitor for suspicious trading patterns and use the database to actually crack down quickly. Government and bureaucracy moves very slow, and is always at least 10 years behind abuses of technology.

1