Blah! Blah! It is as if the SEC never knew it was happening, and it took a much-hyped book to open their eyes?!! BS.
SEC nixes high-frequency trading platforms
The Securities and Exchange Commission is preparing to remove some high-frequency trading firms. 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. “You’ll probably see the commission coalesce around those enforcement cases and then bring new rules on high-frequency trading,” a source with knowledge of the SEC’s thinking told The Post. “There’s a ... (full story)