Gabelli's Calls for a Tax on High-Frequency Trading Operations to be Discussed at High-Frequency Trading Leaders Forum 2010

New York, NY, May 15, 2010 --(PR.com)-- High-frequency trading doesn’t benefit the financial system and should be taxed to raise money for the Securities and Exchange Commission, said Mario Gabelli, Chairman and Chief Executive Officer of Gamco Investors Inc., in an interview on Bloomberg Television. "Is the net benefit of having this extra liquidity worth it to the system? The answer is no," Gabelli said. "Should we put a tax on this fast trading to raise revenues for the SEC? The answer is yes, so that investors benefit, not traders."

Mr. Gabelli, who graduated from Columbia Business School and is a long-time proponent of the Value Investing approach, said: "The 'flash traders, the dark pools' and other traders 'are taking over the investment process and at the margin they're becoming too important'." Mr. Gabelli said the best way investors can protect themselves from market turmoil is to examine "the intrinsic value of an enterprise, which doesn’t change minute-by-minute the way commodities change, and look through the daily volatility."

GoldenNetworking.net's High-Frequency Trading Leaders Forum 2010, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond" will discuss all opinions expressed after May 6th, day of the dramatic market plunge, and provide hundreds of attendees with the most up-to-date and enlightening overview of the present and future of High-Frequency Trading, discussing topics like strategies, access methods to venues, regulatory overview, technology key success factors, latency, co-location, proximity, fragmented market data, compliance and risk management.

High-Frequency Trading Leaders Forum 2010 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez. Upcoming Leaders Forums and Business Networking receptions include:
- High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com), June 8th, New York City
- Real Estate Leaders Forum 2010, "Successfully Investing in Distressed Real Estate Assets" (http://www.RealEstateLeadersForum.com), June 17th, New York City

Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net. Golden Networking has been frequently featured in the press, including recent articles in The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html) and Columbia Business School's Hermes Alumni Magazine, "10 Under 10" (http://www7.gsb.columbia.edu/alumni/news/ten-under-ten).

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