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Lawmakers Spurred by Lewis Book Try to Slow Flash Traders

Democrats in Congress today will renew a long-stalled push to levy fees on high-frequency trading in an effort to generate hundreds of billions of dollars -- or tax the practice out of existence.

The move comes after Michael Lewis, author of the book “Flash Boys,” charged that the stock market is rigged against investors because of high-frequency traders with advanced computers. That sparked a national debate, prompting lawmakers to take up what just last week had been a dormant issue.