U.S. Securities and Exchange Commission investigators need additional tools to adequately police market advances such as high-frequency and algorithmic trading, the agency’s enforcement chief told lawmakers today….The comments by Khuzami, a former Deutsche Bank AG general counsel who joined the SEC in 2009, reflect the agency’s calls for additional funding to take on expanded oversight imposed by the Dodd-Frank Act as well as shortcomings exposed by the May 2010 stock market crash.
Read more: SEC Needs Resources to Police Algorithmic Trading, Khuzami Says — Bloomberg News
