Category: Press

The New SEC Chair Addresses Market Structure

SEC Actions SEC Chair Mary Jo White has been reshaping the agency in the months since she joined the Commission. A new “get tough” policy has been adopted. Settlement procedures for enforcement cases have been modified to require admissions in select cases. A new financial statement fraud task force has been created. And, a new…  Read more

The SEC Opens Up Its Speed-Trading Data Tap

Bloomberg Business One of the biggest insights to come out of the May 2010 Flash Crash—when the Dow Jones industrial average suddenly plunged almost 1,000 points, then quickly recovered—wasn’t just how automated the stock market had become, but how little visibility regulators had into it. While high-frequency traders had spent the previous decade building vast…  Read more

White Signals SEC Review of Exchange’s Self-Regulatory Status

Compliance Week In an August letter to the Securities and Exchange Commission that detailed its longstanding concerns, the Securities Industry and Financial Markets Association – which represents securities firms, banks and asset managers – made its case that regulators should reexamine whether exchanges, among them the New York Stock Exchange and Nasdaq, should have rulemaking…  Read more

SEC Plans New Website to Publish HFT Data and Research

Traders Magazine The U.S. Securities and Exchange Commission plans to unveil a public website next week that will allow it to publish data, research and analysis using the type of robust market data exploited by high-frequency trading firms. Read full article HERE>

Bloomberg Interview with Jim Toes

Aug. 6 (Bloomberg) — Jim Toes, president and chief executive officer of the Security Traders Association, speaks with Betty Liu on Bloomberg Television’s “In the Loop.”  Mr. Toes says in the interview, “In 2009, there were fourteen hundred SRO Rule Filings.  Of those fourteen hundred, the SEC identified sixty to be what they would consider…  Read more