‘Dumb Money Express’
- Share via
Online traders may be “dumb money” to Wall Street, but they are not illiterate. “E-Trading a Bad Deal for Investors?” [Aug. 20] covered investigations into questionable trade execution policies by E-Trade and Charles Schwab, among others.
Part 2 of this woeful tale, “Do Wall Street Firms Know Too Much?” [Aug. 27], details another layer of trade fleecing by wholesalers known as “market makers.”
After merrily profiting while other sectors went under the knife of the “new economy,” some of these financial wizards don’t seem to hear the approaching train. That’s the “Dumb Money Express,” fellas.
DANIEL SULLIVAN
San Diego
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
