What does that even mean in this case? There is no regulation against front-running. Take the stock market for example. Everyone knows that high frequency traders moved all of their infrastructure to be as close as possible to Wall Street to get sub-second advantages on trades. No one batted an eye. Of course, could you stop it if you tried? Information is asymmetrically distributed someone will always find and exploit an advantage somewhere and it's impossible to be fair.
Everyone knows that Wall Street got bailed out in 2008 by the very same regulators you say are for our own good. Everyone knows Wall Street and Black Rock got the biggest squeeze from the Covid stimulus. In return we got $1400, 10% inflation, and a drop in real income. And front-running still happens. Hell the whole business model for Robinhood, the app, which charges zero trading fees, is to package up their retail users trades and sell the orders to high frequency traders who will squeeze out profits from front running or sandwiching the orders.
Also, everyone knows that Congress does insider trading and the speaker of the House is the worst offender. Everyone knows that the revolving door that moves between regulators and the financial sector is incestuous.
The regulations you praise are written by the lobbyists and companies who benefit the most. And I'm not in that club. Maybe you are and that's why you defend it. But it ain't me.
Everyone knows that Wall Street got bailed out in 2008 by the very same regulators you say are for our own good. Everyone knows Wall Street and Black Rock got the biggest squeeze from the Covid stimulus. In return we got $1400, 10% inflation, and a drop in real income. And front-running still happens. Hell the whole business model for Robinhood, the app, which charges zero trading fees, is to package up their retail users trades and sell the orders to high frequency traders who will squeeze out profits from front running or sandwiching the orders.
Also, everyone knows that Congress does insider trading and the speaker of the House is the worst offender. Everyone knows that the revolving door that moves between regulators and the financial sector is incestuous.
The regulations you praise are written by the lobbyists and companies who benefit the most. And I'm not in that club. Maybe you are and that's why you defend it. But it ain't me.