Cybersecurity
Regulators Can't Keep Up With Wall Street's Robot Invasion
- Watchdogs face litany of challenges policing automated traders
- Budget constraints and industry lobbying are among headwinds
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The technologies revolutionizing Wall Street have left Washington regulators playing a perpetual game of catch up.
Traders used to leave paper trails when they broke the law -- emails revealing that they had inside information about a company’s earnings, instant messages laying out a conspiracy to manipulate prices or phone recordings discussing an illegal hot tip.