Purpose - The purpose of this paper is to present an overview of the flash crash, and explain why and how it happened. Design/methodology/approach - The author summarizes several studies suggesting various perspectives on the flash crash and its causes. Furthermore, the author highlights...

Manipulative communications touting stocks are common in capital markets around the world. Although the price distortions created by so-called "pump-and-dump" schemes are well known, little is known about the investors in these frauds. By examining 421 "pump-and-dump" schemes between 2002 and...

On the 16th of April 2010 the Securities and Exchange Commission announced that they were bringing charges against Goldman, Sachs & Co. for alleged fraudulent dealings. In this paper I study the actions which financial market participants took in response to this dramatic, negative announcement....