Part 7/10:
As markets became more reliant on technology, criticisms emerged regarding the ethical implications of high-frequency trading, pointing to its role in exacerbating income inequality as wealth becomes concentrated among those equipped with advanced algorithms and access to rapid data. Critics argue the practice enriches a few while potentially destabilizing the broader financial ecosystem.
Whistleblowers and Regulatory Failures
Heim Bodek, a prominent figure in the field and an advocate for transparency, became a whistleblower, expressing concerns over detrimental trading practices. His experiences underscored the ethical dilemmas pervading the industry, revealing a culture where competitive advantage often favored those willing to exploit regulatory loopholes.