Forbidden Knowledge TV
May 30, 2015
Wall Street titan Goldman Sachs made a bundle on Haim Bodek’s penchant for mathematics and computer science.
That was before Bodek started his own trading firm and then ran to the regulators at the Securities and Exchange Commission.
To them he complained that high-frequency trading was shutting out average investors.
Bodek’s insider status and the elite exchanges to which he had access, he claimed, allowed him to place orders ahead of even those who had taken the initiative to file orders earlier than he had.
What Bodek revealed raised alarms about a new economy: not one that directs investment where talent and value lie, but that instead, games the forgotten man at the bottom of the economic pyramid.