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The other technique involves quick trades that take advantage of inefficiencies in setting an accurate mutual fund price.
Yet these reforms have been inadequate, slow and incomplete, with the proportion of profits from quick trades in the financial sector, rather than long-run investments, rising not falling.
She said that she would encourage companies to invest for the long term, change the tax code so that it "rewards hard work and investments here at home, not quick trades or stashing profits overseas," and "give new incentives to companies that give their employees a fair share of the profits their hard work earns".
He explained that LuneX intends to take a longer-term approach to investments by helping its portfolio and generally doing more than shorting and quick trades.
"I will soon be proposing a new plan to reform capital gains taxes to reward longer-term investments that create jobs, more than just quick trades".
Similar(55)
"We're in the preservation-of-capital business, and I don't want to make a quick trade," Mr. Traynor said.
Many inside and outside the firm came to blame its hard-charging investment bankers for emphasising quick trading profits over long-term relationships with clients.
At the time, the firm was struggling to compete in a market that preferred quick trading tips to the long, thoughtful research reports that are Bernstein's trademark.
The case has the hallmarks of insider trading seen in recent cases: disclosure of sensitive corporate information about an impending transaction and quick trading by a hedge fund in response to it.
Enron, employing a variety of trading schemes known by such names as Death Star, Fat Boy and Get Shorty, tried to "game" the state's power grid to make quick trading profits, according to internal company documents.
Franklin and his men were looking for the last section of the Northwest Passage, where British governments since the 16th century had hoped to find a quick trade route to the fabled wealth of east Asia.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com