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notaddicted | 12 years ago

Yes, these criminal masterminds found a way to swindle honest hard-working themselves out of 440 million dollars and "get away with" a cool extra -12 million.

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mcphilip|12 years ago

They also amassed over $3 billion net short positions spread across 75 stocks during those 45 minutes causing significant losses to investors with stop loss positions triggered that would not have happened without Knight's erroneous trades. They didn't just harm themselves...

notaddicted|12 years ago

Yeah, actually now that I'm reading the SEC report it appears pretty seriously reckless, also their lack of capital thresholds.

lmm|12 years ago

Stop loss orders amplify market instability. People with them deserved what they got.

kevinpet|12 years ago

Anyone using stop loss orders harmed themselves. It's like saying that you wouldn't have gotten hurt rolling down the steepest hill in town on a skateboard with no helmet if someone hadn't parked in a red zone.