• Author Michael Lewis argues that the U.S. stock market is rigged

    Yesterday we reported on Michael Lewis’ claim during CBS’ “60 Minutes” this past Sunday that the U.S. stock market was “rigged.”

    Lewis’ assertion reflects the findings from his new book, “Flash Boys: A Wall Street Revolt,” which frames a picture of financial markets as being largely controlled by big banks whose high frequency trading (HFT) operations enable them to capture trading profits at the expense of the average retail trader.