You actually stopped them from making purchases every day.
But in your own words here, you are saying that Renaissance--who I believe is the only user, the only basket option that this was aimed at.
But the point is this structure that you created after RenTec asked you to offer them a structure, this was targeted at RenTec, and you were...
I would hope that that would be taken seriously, but here is what happened: For 2 years, you continued to sell these basket options.
Today's hearing brings those two themes together.
Basically Palomino was restricted to basket option transactions with Renaissance and could only use Renaissance as the investment advisor...
I have a few questions for the GAO, but, we will now hear from Senator McCain.
It is also something they are representing to the SEC that they do not control it.
Is there any practical way in which 30 million trades a year could be 30 million recommendations?
the IRS had spoken, and Barclays said, 'So what?'
Is the algorithm RenTec's proprietary strategy?