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The fish oil supplements that millions of American men take each day to cut their risk of heart disease might have a dark side, at least according to a study released today that is sure to generate controversy.
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Or to put it another way: back when it was founded, in the 1930s, it made sense for the SEC to try to enforce a “fair” market where all men could trade on a level playing field. But those days are over now, and they’re never coming back. Everybody knows that hedge funds and institutional investors have access to massive amounts of information, on top of high-level access to executives; everybody knows that high-frequency traders can move much more quickly than any individual. If you want to go up against these people in the trading arena, all power to you — but don’t expect the SEC to be able to ensure that it’s a fair fight.