Former New York Stock Exchange Head Says That The Stock Market Is Rigged

‘Richard Grasso acted as the chairman and chief executive of the New York Stock Exchange from 1995 to 2003, and he has come out in a recent interview saying that the stock market is rigged. Considering that he spent nearly a decade at the head of the institution, he would obviously have legitimate experience to speak on.

The interview was reported by the Wall Street Journal this week and is set to appear on the television show “Wall Street Week” this Sunday.

During the interview Grasso said, “A fast market is not necessarily a fair market, as evidenced by that Monday open. Frankly, some of the things that went on that day need very close scrutiny.”’

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