Thomas M. Joyce was chairman and CEO of Knight Capital Group from May 2002 until he resigned in July 2013. Joyce served as president of Knight Trading Group until January 2005 after being appointed chairman in December 2004, and has also served as head of brokerage operations since June 2005. Prior to joining Knight, he was briefly global head of trading with Sanford C. Bernstein & Co. after a 15-year stint with Merrill Lynch, where he last served as global head of equity e-commerce from 1999 until 2001. Joyce previously served on the board of directors of NASDAQ. Joyce also serves as a director of the Securities Industry and Financial Markets Association (SIFMA). Joyce received his A.B. in Economics from Harvard College in 1977.
David Dayen, a persistent chronicler of how oligarchs exploit the financial system to enrich themselves at the expense of others, writes about Chris DiIorio, a stock analyst who for 10 years has obsessively investigated how exactly he came to lose $1 million on one penny stock. A remarkable story ensues. All article in The Intercept.
The Money is Gone (22 September 2016)
Big Players, Little Stocks, and Naked Shorts (23 September 2016)
Naked Shorts Can’t Stay Naked Forever (24 September 2016)
Calling the SEC (25 September 2016)
Turning Up Like A Bad Penny (26 September 2016)
Were Paper Losses the Goal All Along (27 September 2016)
The Half Billion Glitch (28 September 2016)