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Thursday, August 20, 2009

Shapiro on flash trading

The SEC's Mary Shapiro said this:

"We are enhancing training for our staff and also recruiting additional professionals with expertise in securities trading, portfolio management, valuation, forensic accounting, information security, derivatives and synthetic products and risk management."

So now they'll be able to regulate flash trading, dark pools and high frequency trading.

Anyone besides me think that they are overmatched and in over their head?

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