Market Abuse Quotes

The stock market is a racket. Those guys are crooks.

The war to rein in Wall Street excess is never over.

The American people fear there is some gouging going on.

I found that options traders - the Amex was mainly an options exchange - routinely conspired to keep as wide as possible the spreads between the prices investors paid and the prices floor traders paid for the same securities.

You probably will always believe there should be a law against [financial market] fraud, and I don’t think there is any need for a law against fraud.

Securities fraud generally and insider trading in particular should be eminently deterrable crimes.

The Fraud Act 2006 makes it perfectly clear that Libor rigging is prosecutable as a criminal offence.

Because the sad fact is that the Enron Corporation and others manipulated with unfortunately great effect the energy market in the West Coast starting in 2000.

The longer I operated on Wall Street the more distrustful I became of tips and inside information of every kind. Given time, I believe that inside information can break the Bank of England

What a nightmare it would be if we individually had to criminalise every single abuse of every single commodity, market or financial product. There are thousands of these and new ones being invented every day. Such an approach would have disastrous implications for regulation and policy-making. Any slide towards it must be resisted.

A free market was never meant to be a free licence to take whatever you can get, however you can get it.

I'm a capitalist. I believe in the proper working of the free market. That's why I found the scandals of 2008, the banks, Libor, absolutely abhorrent.

It is an extreme perversion of capitalism if you can trade in something before you have even paid for it.

What strip mining is to nature the art market has become to culture.

Dominant companies can't abuse their position to create advantage in related markets.

If I bring to light a company that's poisoning customers, defrauding investors, or something like that... there just aren't enough regulators in the world to keep up with all of the fraud and malfeasance that goes on out there, particularly in the little nooks and crannies of the market.

All our rip-offs together don’t equal one price-fixing scheme by General Electric.

As attorney general, I would work with my colleagues in other states to launch a major antitrust investigation to look into the ways in which Facebook and Google are wielding and may be abusing their duopoly powers.

We had a field day before anyone knew anything about shorting. It was almost a license to steal. Nowadays, it's a license to get hosed.

Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.

There are … few great towns in England that have not their weekly markets, one or more granted from the prince, in which all manner of provision for household is to be bought and sold, for ease and benefit of the country round about. Whereby, as it cometh to pass that no buyer shall make any great journey in the purveyance of his necessities, so no occupier shall have occasion to travel far off with his commodities, except it be to seek for the highest prices, which commonly are near unto great cities, where round and speediest utterrance is always to be had. And, as these have been in times past erected for the benefit of the realm, so are they in many places too, too much abused: for the relief and ease of the buyer is not so much intended in them as the benefit of the seller.

Rather than let their product compete fully and fairly in the marketplace, FalconStor resorted to bribery and graft to win important contracts in a scheme that reached the highest levels of the company.