It was this discovery that led Mr. Ney to eventually give us small investors a priceless gift: enlightenment. When the operations of floor specialists had been explained to him, he said, 'A terrible thing happened. I realized I'd joined the wrong mob'" (1Ney, 8). Get the profit by buying guide The Wall Street Jungle, By Richard Ney right here. The Wall Street Gang, By Richard Ney. D. dd123 Member. Reading The Wall Street Gang, By Richard Ney is not type of something marketed that you could take or otherwise.
It was with these words that Richard Ney began his first of three books on the nature of the New York Stock Exchange. For six years in the mid 1980's, Richard (Maximilian) Ney wrote "The Ney Report," a hard hitting stock market newsletter, wherein he would expose market manipulation by NYSE Specialists aided and abetted by the SEC and other insiders. "The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in which he described a visit to the floor of the New York Stock Exchange. The Wall Street gang, by Richard Ney. Prices are controlled absolutely by the specialists, the 'market makers' in individual stocks.
The New York Stock Exchange is not an auction market (2Ney, 86), though many investors still hold onto that image. He received much attention for "The Wall Street Jungle" (1970), "The Wall Street Gang" (1974), and "Making it in the market: Richard Ney's low risk system for stock market investors" (1975) books that criticized market specialists on the stock exchange floor and what he considered a complacent regulatory body, the Securities and Exchange Commission.
Yet the New York Times would not review it. He was also the foremost authority on the manipulation of stock prices by Specialists and insiders on the floor of the New York Stock Exchange.
Are you sure you want to delete your template? For it was also apparent that a block of stock of the same size often appeared on a down-tick of a half-point or more, after which the stock quickly rallied.
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When Richard Ney's first book, The Wall Street Jungle, came out it was on the New York Times best seller list for 11 months. He is considered to be the “Father of the Specialist Theory”, and was an extremely successful investor, money manager, investment advisor, and … Richard Ney was an actor, financier, creator of The Ney Report, and author of best selling investment books such as The Wall Street Jungle. He is considered to be the “Father of the Specialist Theory”, and was an extremely successful investor, money manager, investment advisor, and self-made millionaire.