Last week I pointed out how Matt Simmons, a proclaimed oil expert, caused bankruptcy fears in BP. Simmons claimed there was a second leak that would bankrupt BP in a month. According to Zero Hedge Matt Simmons' firm Simmons & Co. upgraded BP to a buy on Friday after helping to crash the stock on Wednesday.
From ABC News :
Getco LLC, a big market maker and high-frequency trader, has hired a key U.S. Securities and Exchange Commission associate in charge of crafting rules for the equity and option markets.