Editorial Board

Stopping the Stock Market Arms Race

SEC Chair Mary Jo White is understating the seriousness of the U.S. stock market's dysfunction.
Not where most stocks are traded today.

U.S. stock markets are "not fundamentally broken, let alone rigged," Securities and Exchange Commission Chair Mary Jo White said in a speech earlier this month. It was a swipe at Michael Lewis's best-selling book "Flash Boys," which caused a stir by claiming otherwise.

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