Customer Quote by Steve Wynn
“I have very little respect for the integrity of the trading on the exchange in most stocks. And I have particular disdain for the fact that the SEC has failed to deal with high-frequency traders who are doing nothing more than taking advantage of inside information, a buy or a sell order, because of technology advantages.”
About This Quote
The speaker distrusts market integrity and criticizes the SEC for not curbing high‑frequency traders exploiting technological edges.
In simple terms: He doubts stock market fairness and blames regulators for allowing tech‑driven abuse.
Key Takeaway
Demand stronger oversight and equitable trading practices.
Themes
integrity
regulation
technology
fairness
market dynamics
Mood
critical
concerned
Type
analysis
commentary
When to use this quote
- investment decisions
- policy advocacy
- risk management
- ethical investing
- public awareness
Key Concepts
information asymmetry
ethical trading
regulatory failure
Questions to Reflect On
- What reforms could reduce tech‑driven unfair advantages?
- How can investors protect themselves in such markets?
A Different Perspective
Regulatory change is slow and may face industry resistance.
![“I think we have lost our way when people like the [board of] governors and the CEO of the NYSE fail to realize they have a duty to the rest of us to act as exemplars... You do not want your first-grade school teacher to be fornicating on the floor or drinking booze in the classroom; similarly you…” quote by Charlie Munger](https://sms4smile.com/quotes/img-quotes/6bb/charlie-munger-458_alcohol_i-think-we-have-lost-our-way-when-people_2506159.jpg)
