The Wall Street Jungle: R. Ney 1st Printing/HC/DJ/1970 (see photos)

by Richard Ney

$59 · Offered by eBay

The Wall Street Jungle is a sharp, systematic indictment of the American financial system. Written from the perspective of an industry insider, Richard Ney's core premise is that the stock market is not a democratic free market governed by supply and demand, but a legally protected monopoly manipulated by insiders to systematically strip wealth from the retail investing public. 1. The "Villains" of the Floor: Market Specialists Ney directs his sharpest criticism at Exchange Specialists—the elite brokers on the trading floor responsible for maintaining orderly markets for specific stocks. Ney reveals that specialists use their private ledger of buy and sell orders (the "specialist's book") to see exactly where public money is waiting. Armed with this hidden knowledge, they deliberately crash or rally stock prices to trigger public panic or greed, allowing them to buy low and sell high for their own accounts. 2. The Mechanics of Insider Fraud The book exposes the specific tactics major financial institutions use to exploit individual investors: Churning: Brokerage firms deliberately over-trade a client's account simply to generate massive commission fees. Short-Sale Conspiracies: Insiders borrow and short massive blocks of stock to artificially depress prices, forcing panic selling. Regulatory Complicity: Ney argues that the Securities and Exchange Commission (SEC) and politicians do not protect the public. Instead, they actively ignore institutional fraud, operating in collusi

• Publisher: Grove Press
• Year: 1970
• Binding: Hardcover
• Condition: Very Good

Found via Rare Books Intel, a search across rare-book dealers, auction houses and marketplaces worldwide.