# Quote — Michael Lewis, Flash Boys

> The SEC staffer argued that it was unfair that high-frequency traders couldn’t post phony bids and offers on the exchanges to extract information from actual investors without running the risk of having to stand by them.

- Author: [Michael Lewis](https://www.leafyquotes.com/michael-lewis.md)
- Book: [Flash Boys](https://www.leafyquotes.com/michael-lewis/flash-boys.md)
- Page: 105
- Source: [Wikiquote](https://en.wikiquote.org/wiki/Michael_Lewis_(author)#Flash_Boys_(2014)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/michael-lewis/flash-boys/the-sec-staffer

## More from this book

> He now suspected that every human being who knew how high-frequency traders made money was making too much money doing it to stop and explain what was going on.

p. 55 — [Quote page](https://www.leafyquotes.com/michael-lewis/flash-boys/he-now-suspected.md)

> Thus the only Goldman Sachs employee arrested by the FBI in the aftermath of a financial crisis Goldman had done so much to fuel was the employee Goldman asked the FBI to arrest.

p. 148 — [Quote page](https://www.leafyquotes.com/michael-lewis/flash-boys/thus-the-only.md)

> "Liquidity" was one of those words Wall Street people threw around when they wanted the conversation to end, and for brains to go dead, and for all questioning to cease.

p. 108 — [Quote page](https://www.leafyquotes.com/michael-lewis/flash-boys/liquidity-was-one.md)