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" I'm not an ultra-libertarian who thinks there shouldn't be insider-trading laws at all. "
Gary Weiss
Laws
Who
Thinks
Related Quotes:
" People are told their rights when they're arrested. Consumers getting collection letters are entitled to the same courtesy. "
Gary Weiss
Same
Rights
People
" All too often, the pitchmen are selling the notion that if you gain 'control' over your financial destiny - pick your own stocks and execute your own trades - it will be the first step on a short road to riches. "
Gary Weiss
Step
Destiny
Control
" MF Global used to be known as Man Financial, and it had a reasonably good reputation. It did a humdrum business placing commodities trades for fund managers as well as farmers, grain dealers and others whose livelihoods depend on the vagaries of commodity prices. "
Gary Weiss
Man
Financial
Others
" When Corporate America finds a Jayson Blair in its midst, the standard operating procedure is to circle the wagons and deny that any form of liability extends up the chain of command. "
Gary Weiss
America
Up
Chain
" There are a lot worse things you can do with all your bucks than giving them to even a mediocre mutual fund - such as, for example, giving them to a mediocre hedge fund. If supporting the lifestyle of a mediocre fund manager is your favorite charity, who am I to stop you? "
Gary Weiss
You
Charity
Stop
" When it comes to making laws that protect the public from the financial services industry, Congress has done a progressively worse job since the Pecora Commission hearings of the early 1930s, which led to Congress taking bold steps to regulate banking and securities firms in 1933 and 1934. "
Gary Weiss
Financial
Steps
Bold
" Despite all the drawbacks, the Internet provides a wide array of information - and some of it is being watched pretty carefully by the pros. "
Gary Weiss
Pretty
Internet
Information
" The Amex has a long, often troubled, sometimes glorious history. "
Gary Weiss
Troubled
Sometimes
Long
" Ordinarily, the feds piggyback on the S.E.C. in complicated financial cases, but history proves that breath-holding on that score is a dangerous endeavor. "
Gary Weiss
Dangerous
History
Financial
" 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. "
Gary Weiss
Keep
Floor
Same
" George Soros is one of the few characters from the world of finance who deserves to be called larger-than-life. "
Gary Weiss
Characters
World
Who
" India may be the only country in the world that has been free of anti-Semitic prejudice throughout its history. "
Gary Weiss
Country
History
Free
" The heart of the 2008 financial crisis was a coterie of reckless financial executives, working for too-big-to-fail financial companies, who were handsomely compensated for taking risks that almost ruined the economy when they failed. "
Gary Weiss
Taking Risks
Risks
Heart
" I'm rooting for Saudi Arabia getting a seat on the U.N. Human Rights Council. "
Gary Weiss
Human Rights
Saudi
Human
" With such enormous bucks devoted to trading in oil and other commodities, the distortions that they cause have been exacerbated. "
Gary Weiss
Been
Other
Devoted
" With 'posts' running in the millions, Internet message boards have become an essential part of the savvy investor's arsenal. "
Gary Weiss
Internet
Part
Become
" Shorts wager on price declines by selling shares that they have borrowed in the hope of buying them back at far lower prices. "
Gary Weiss
Far
Hope
Back
" Newt Gingrich is a boastful kind of guy. But when it comes to Wall Street, the former House speaker is surprisingly modest. "
Gary Weiss
House
Guy
Kind
" Insider trading by hedge funds has a long and distinguished history, dating to the days when people didn't know that there was such a thing as a hedge fund. "
Gary Weiss
History
People
Long
" In the U.S., diversity is a politically correct slogan. In India, it is a historical fact. Much as we in the West may resent it, India has a lot to teach us when it comes to religious tolerance. "
Gary Weiss
Diversity
Tolerance
Teach
" Legitimate institutions historically have been defenseless in the face of outright fraud. "
Gary Weiss
Institutions
Fraud
Face
" Short-sellers perform a useful function in the market as conduits of negative information, and shorts often complain that they are discriminated against by regulators. "
Gary Weiss
Against
Negative
Complain
" Indians are sometimes accused of being condescending toward Westerners and of being excessively preachy in their attitude toward other nations. That accusation is sometimes correct. "
Gary Weiss
Accusation
Sometimes
Correct
" For Randy Neugebauer, the Texas Republican who chairs the investigations subcommittee, the top sources of funding for his 2012 reelection campaign are from the insurance, banking, finance, securities and real estate industries. "
Gary Weiss
Insurance
Finance
Real Estate
" Numerous academic studies have shown that amateur investors make poor traders - buying stocks for the wrong reasons, holding losers for too long, and acting on whims and emotions. "
Gary Weiss
Long
Wrong
Acting
" Humiliating events have a way of capturing the public's imagination. So it has been since antiquity, when gladiators were pitted against each other and the legions of Spartacus were crucified in endless rows on the way to Rome. "
Gary Weiss
Imagination
Rome
Way
" Debt collectors should be required to disclose the applicable statute of limitations in the body of their collection letters, in bold type. While it's not illegal to dun a consumer for an old debt, it is illegal to sue for one. "
Gary Weiss
Letters
Debt
Consumer
" Even a casual reader of the financial pages knows that microcaps are a perennial headache for regulators and, above all, for investors because they have been prone to abuse by stock manipulators. "
Gary Weiss
Financial
Above
Abuse
" Conspiracy theories feed on opacity, and that's a longtime problem with short selling. Large long positions must be reported to the Securities and Exchange Commission in public filings, but not large short positions. "
Gary Weiss
Feed
Long
Problem
" One problem with the focus on speculation is that it tends to promote the growth of the great intellectual cancer of our times: conspiracy theories. "
Gary Weiss
Great
Problem
Cancer