Word: complicit
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Dates: during 2000-2009
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...traders who couldn't care less whether bulletin-board messages are true or not. They buy or sell a stock simply because it's moving in a given direction. As long as the information moves the market, they may be willing to act on it. "Traders today are willingly complicit in the dissemination of false information," says John Coffee, an expert on Internet securities fraud at Columbia University Law School. "That's why they often flock to [the] chat rooms with the worst information, so they can find material that will destabilize the market one minute before they profitably pull...
Will the L.A.P.D. be able to put its house in order? Critics of the department are skeptical. "The L.A.P.D. investigators have intractable conflicts of interest. They're complicit in what has happened," says Los Angeles civil rights lawyer Michael Mitchell. "The supervisors are afraid they won't be able to put a lid on it." But with the public clamoring for answers--and the FBI involved--it may be difficult to fight off the tide of reform...