SEC Chair White Concedes Reining in Flash Boys Is Difficult
- White said in 2014 she wanted SEC to tackle disruptive trading
- Regulator to publish work on issue and solicit public comments
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Preventing flash traders from wreaking havoc is easier said than done.
It’s been more than two years since U.S. Securities and Exchange Commission Chair Mary Jo White said her agency wanted to rein in aggressive, high-frequency trading that could have a destabilizing impact on markets. She said Wednesday that crafting a rule is proving difficult, and that the agency’s next step would be publishing its work on the issue and seeking public comment. That means it could be years before a rule is in place, and the job will probably fall to White’s successor.