This was in Bloomberg , Wednesday, 14th January, 2015. Perhaps it is a start to change. An interesting aspect for CDU shareholders affected by High-Speed Trading
"Canadian Man Charged Over High-Speed Trading Scheme
A Canadian man arrested today in Florida was charged with manipulating the price of stocks by rapidly placing phony buy and sell orders through a high-speed trading strategy that let him profit from small price changes.
Aleksandr Milrud, 50, was accused of a tactic known as “layering,” in which traders place “non-bona fide orders” to move stock prices, buy or sell shares based on that movement, and cancel the remaining bogus orders, U.S. Attorney Paul Fishman in Newark, New Jersey, said in a statement.
Milrud used traders in China and Korea who bought and sold stock through “various trading accounts that were not tied to Milrud,” Fishman said. An owner of an offshore broker-dealer secretly helped FBI agents in a sting that led Milrud to explain on videotape how the scheme worked, he said.
“The defendant and his far-flung network of conspirators operated an international scheme in which they generated millions of dollars in illicit profits for themselves with artificial trade orders executed at high speeds,” said Fishman..."
cheers,
Max
CDU Price at posting:
$1.35 Sentiment: Buy Disclosure: Not Held
