The Flaw In CNBC’s Portfolio Challenge

By Brian 

The stakes in CNBC’s “Million Dollar Portfolio Challenge” are “sky-high,” Business Week writes.

“A million dollars is on the line for the ultimate winner of the contest, along with fame and future opportunity. CNBC, which bills itself as the essential news channel for investors and businesspeople, has a reputation to protect. With constant promotion from channel anchors like Becky Quick and Joe Kiernan, the contest attracted 375,000 participants and nearly tripled the traffic to CNBC’s Web site.”

But, as previously announced, the network has “launched an investigation into complaints of unusual trading.” Business Week explains the design flaw that may be to blame…