Speed Trading Does Rig Markets

To hear the blowback from Wall Street, Michael Lewis’s book slamming high-frequency trading is misguided, naïve and inaccurate. But the Lewis book, Flash Boys, is spot-on. HFT does rig the stock market against small investors.

His take:

Michael Lewis’ Hyperbole

According to author Michael Lewis’ new book, the stock market is “rigged.” The reason: Professional traders armed with super-fast computers get better prices than you. But several smart advisors think his diagnosis is overblown, saying that HFT  harms mainly day traders and that Lewis ignores the good that faster connections bring, such as lowering costs and expanding liquidity.

Good Stocks Get Bad News

Investors often overreact to bad news. When that happens, good companies hit by bad news become that most exquisite thing: a value play. Rule of thumb: When a solid business runs into a temporary mess, it’s likely a buy signal.

Protecting From ID Theft

Leave your laptop unlocked, toss a bill full of sensitive financial info into the trash un-shredded, even just hit the submit button when using your credit card to buy online: You can stumble into the identity-theft trap at any time. Protecting yourself means making basic security steps a habit.

How to Spot Investing Fraud

You can get ripped off by many scam artists besides infamous luminaries like Bernie Madoff. Here’s what to watch for.

Amid continuing headlines that financial advisors commit fraud and scams that cost investors like you a lot of money, you probably wonder whom to trust with personal investments.

Protecting Against ID Theft

You shop, you swipe your card, you leave the store. Here’s what to know if your card information gets into the wrong hands.

Beware Scams at Tax Time

Identity theft runs rampant during tax season. Here’s what to know and how to protect yourself.

Identity thieves often swipe your bank or credit card account numbers, birth date information or Social Security Number (SSN) to steal from your accounts, open a new and phony account or make illegal purchases. In 2013, 13.1 million consumers suffered identity fraud – the second highest level on record, according to a survey by Javelin Strategy & Research.

How to Thwart I.D. Thieves

Identity theft is an epidemic, sapping people’s bank accounts. How do you protect yourself? By being vigilant: monitoring your credit report, bank and card statements, then moving quickly to squelch illicit charges.

The indispensability and ubiquity of technological innovations give the bad guys an in. Making our lives simpler and more efficient, the Internet, smartphones and iPads are key to how we communicate and store information. So much so that people pay big bucks to go to special technology-free resorts for a break from the unrelenting onslaught of information.

Car Crashes and Identity Theft

The usual auto crash scams are forced rear-endings and fake injuries. A lesser-known danger: Putting too much information in a stranger’s hands post-accident, setting yourself up for identity theft.

Safeguards Against I.D. Theft

Someone just stole your name, your Social Security number, your credit card information. They ran up a big bill. What do you do? And how do you avoid it in the first place?


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