Investors Fooled Again by the SEC

The reported news of SEC actions to move towards a ban on flash trading pose nothing more than a smoke screen to fool investors into thinking the SEC is watching out for their best interests.  As history shows, this could be no more further from reality. 

Let me be clear about this.  Despite all you may have heard about how flash trading has led to huge profits for the big wirehouse trading firms like Goldman Sachs, this is simply not true.  Flash trading is trivial. And it certainly doesn't account for any meaningful proportion of profits from the likes of Goldman.