3. Who won the tech contract? Some observers are clamoring for more transparency at the SEC, let alone at the firms it regulates.
It selected Tradeworx in June, but it declined to disclose how many other firms competed for the contract."
The lack of transparency shows how hopelessly muddled the SEC is .... that and the failure to truly police, as in jail time for offenders, the market. In someways the Chinese government is better. It executes large fraudsters a practice that causes me little pause.
-- Steve Laudig
Source: The Washington Post