‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInHFT critic Michael Lewis ‘dead wrong:’ Author — CNBC
“Michael Lewis got it wrong when he said that high-frequency traders are front running the public market. What he alleged is simply impossible. Today’s markets don’t work that way,” Peter Kovac, author of “Flash Boys: Not So Fast,” said in an interview Monday with CNBC’s “Closing Bell.” via HFT critic Michael Lewis ‘dead wrong:’ Author — […]
Flash Boys beware: SEC chills high-frequency trading | New York Post
The Securities and Exchange Commission adopted new rules on Wednesday to keep exchanges and so-called “dark pools” safer by requiring more safeguards — a shift that will put more regulation on high-frequency trading platforms. via Flash Boys beware: SEC chills high-frequency trading | New York Post
Law Firms Sue Stock Exchanges Over High-Frequency Trading – Law Blog – WSJ
Three big law firms have joined forces to pursue legal action against major U.S. stock exchanges, claiming the exchanges handed unfair advantages to high-frequency traders to the detriment of regular investors. The lawsuit, filed in the U.S. District Court of the Southern District of New York, could test a cornerstone of U.S. securities law: exchanges’ […]
SEC’s Berman Says Critics Like Schneiderman Misjudge Regulator – Bloomberg
Berman noted that the agency has a new surveillance system, known as Midas, that collects price data from all U.S. exchanges and that helps the SEC evaluate practices such as co-location, in which traders cut trading times by placing computers inside an exchange, and proprietary feeds, or streams of data send to clients faster than […]
May 16 Webcast: High-Frequency Trading–Wall Street Revolt or Distorted Hype?
Please join Adam Warren and Janet M. Angstadt for this free webcast.
Flash Boys Litigation: High Frequency Traders, Brokers and Securities Exchanges Hit With Securities Suit — The D&O Diary
The topic of high frequency trading has dominated the business headlines since the late March publication of Michael Lewis’s new book, “Flash Boys: A Wall Street Revolt.” The SEC, the U.S. Department of Justice and the Federal Bureau of Investigation have confirmed that they are investigating high frequency trading, as has the New York Attorney […]
Four gov’t agencies now investigating high-speed “Insider Trading 2.0” — Ars Technica
The revaluation of the subpoenas from Eric Schneiderman’s office, first reported by the Wall Street Journal, brings to at least four the number of agencies probing what the New York Attorney general has described as “Insider Trading 2.0.” Other entities investigating whether Wall Street firms are taking advantage of “differences in delays, or latencies, of […]
SEC nixes high-frequency trading platforms — New York Post
In a purge of computerized markets, prompted by public outrage unleashed by Michael Lewis’ “Flash Boys,” the SEC’s campaign will see numerous enforcement actions, new rules and new business practices — a sweeping overhaul that could benefit the beleaguered New York Stock Exchange, The Post has learned. via SEC nixes high-frequency trading platforms — New […]
High Frequency Trading, and Proof that the SEC Approach to Insider Trading is Completely Wrong — blog maverick
Got to love Mary Jo White, the Chairwoman of the SEC. While Michael Lewis’s book Flash Boys was getting all the headlines and was the topic of some of the best television on CNBC, ever, Ms White used the firestorm to ask for more money for the SEC. Shocking ? The only shock would be […]
U.S. SEC probing high-speed trading — Reuters
“We currently have a number of ongoing investigations regarding various market integrity and structure issues including high frequency trading and automated trading,” SEC Chair Mary Jo White said before a Congressional hearing. via U.S. SEC probing high-speed trading — Reuters