Crisis Legal NewsClick here to add this website to your favorites
Crisis News Search >>>

Mary Schapiro said some of the five commissioners wanted to discuss trading strategies and new technologies face-to-face with those in the industry, now that the SEC has received scores of public comments on its 74-page paper, known as a concept release.

Under some political pressure, the SEC is probing whether the high-tech, high-speed equity marketplace now dominated by computer-driven trading is fair for long-term and less-sophisticated investors. It received some 115 letters before last week's deadline.

"Why now? Because we owe it to the public to start to examine and scrutinize these issues," Schapiro said at the Reuters Global Financial Regulation Summit in Washington D.C.

"This isn't a quick turnaround," she said of the review, adding that "very thoughtful" letters have arrived and that the SEC also expects to review academic studies.

Any changes could revamp the flow of trading in the electronic marketplace, which has transformed in the last decade. High-frequency trading, in which lightning-fast algorithms are used to make markets and capitalize on tiny imbalances, accounts for an estimated 60 percent of all U.S. stock trading.

© Crisis Legal News - All Rights Reserved.

The content contained on the web site has been prepared by Legal Crisis News
as a service to the internet community and is not intended to constitute legal advice or
a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 Law Firm Web Design Information
Law Promo can construct your law firm a brand new responsive website, or help you redesign your existing site to secure your place in the mobile world. We believe our work speaks for itself by showcasing quality design while reflecting our extensive experience in the online legal marketing industry. Law Firm Website Designs by Law Promo.| Law Firm Logo Design
   Latest Crisis Legal News
   Sponsored Links
Chicago Business Law Attorney
Corporate Litigation Attorneys
Fort Lauderdale Criminal Defense Lawyer
Miami Sex Crimes Lawyer
Fort Washington Employment Law Firm
Attorney Marc E. Weinstein
Santa Ana Workers' Compensation Lawyers
Car Accidents Attorneys
New Rochelle Personal Injury
Eugene Criminal Defense
Law Office of Max J Mizejewski
Family Law. Call 541.505.9872
CPA Accounting Web Design
Finanace Office Web Designs
Lorain Elyria Divorce Lawyer
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
Cobb County Criminal Attorney
Georgia Criminal Defense Lawyer
San Francisco Trademark Lawyer
San Jose Trademark Lawyer
Eugene Chapter 7 Bankruptcy Lawyer
Oregon Chapter 7 Bankruptcy Lawyer