NY Prosecutors Protecting HFT Firms From Code Theft

HFA Padded
Mark Melin
Published on
Updated on

Prosecutors are getting tough on Wall Street and those committing crimes are finding their way into a jail cell. Well at least if you work on Wall Street and commit the crime of stealing computer code from a Wall Street firm, that is. Government prosecutors targeting HFT firm employees As criminal punishment for destroying the economy in 2008 with acknowledged fraudulent derivatives products didn’t land protected bank executives in jail, and while recent polls show ongoing distrust for Wall Street, government prosecutors are targeting not Wall Street bankers who destroy the economy, but firm employees accused of violating Wall Street’s…

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HFA Padded

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.