Mary Jo White Gets High-Frequency Embrace With SEC Plan
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Given the choice between battling criminal investigators or answering to an experienced regulator who disputes claims the stock market is broken, it’s no surprise whom traders are cozying up to.
U.S. Securities and Exchange Commission Chairman Mary Jo White yesterday disclosed plans to bolster oversight of high-frequency traders and examine secretive private platforms known as dark pools. The announcement came almost two months after Bloomberg News reported that New York Attorney General Eric T. Schneiderman subpoenaed six firms as part of his probe into automated trading.