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Chapter Seven
Deep Dark Secrets Of The SOES Bandit |
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I Am The Man Who Rocked Wall Street |
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As SEC Chairman Arthur Levitt, the architect of the new enlightened regulatory environment, proclaimed with appropriate statesmanship: |
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Markets exist by the grace of investors. When those who direct them lose sight of that cardinal rule, and sacrifice investor interests on the altar of short-term gain, then far from helping their market, they hurt it. History regularly attests to this truth: witness the New York Stock Exchange in the 1930s, the American Stock Exchange in the 1960s, and now Nasdaq in the 1990s. |
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Although never intending to do so, I became a revolutionary who dared to try to change the market's cheating heart and the Aladdin who freed the genie of DAET for the masses. I don't mean to blow my own horn, but I was one of the very people from the industry who dared to fight what seemed to be insurmountable odds so that anyone could participate electronically in the market. I was helped by Linda Lerner, Esq., our general counsel. I was fighting the established entrenched tradition, the market makers, the NASD, other regulators, the best lawyers money could buy, and biased press coverage that only millions of advertising dollars could buy. |
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