The SEC and other regulators try to make markets fair and avoid corruption because otherwise people would sensibly stay away, and then the money would dry up.
That's how I understand it. And it feels like a leaky dam with fingers stuck all over it.
What are the major, huge, "no-one will go for that" changes that might simply replace the dam?
If we apply a Tobin Tax? If we time box trades to every five minutes? If we end trading on margin? Place derivatives under insurance law ?
Or is it that experienced players have a huge incentive to fleece inexperienced players and that's just the way of the world, and the casino needs to have really good pit bosses, or there is no casino?
That's how I understand it. And it feels like a leaky dam with fingers stuck all over it.
What are the major, huge, "no-one will go for that" changes that might simply replace the dam?
If we apply a Tobin Tax? If we time box trades to every five minutes? If we end trading on margin? Place derivatives under insurance law ?
Or is it that experienced players have a huge incentive to fleece inexperienced players and that's just the way of the world, and the casino needs to have really good pit bosses, or there is no casino?