The head of the US Securities and Exchange Commission told Congress today that the US markets are not rigged

Jay Soloff

Argonath Financial

The head of the US Securities and Exchange Commission told Congress today that the US markets are not rigged. This comes in response to Michael Lewis' latest book 'Flash Boys', detailing the advantages high-frequency trading firms have over other investors. The book has created a firestorm on Wall Street, Washington, and elsewhere as many are now questioning the fairness of the current exchange-based system. SEC Chair Mary Jo White denies any rigging is taking place, stating The US markets are the strongest and most reliable in the world. Of course, what's she supposed to say? By the way, the markets I'm in charge of overseeing favor HFT firms at the expense of the average investor?' Nevertheless, after reading 'Flash Boys' and knowing Mr. Lewis' impeccable track record, it's hard to believe the markets are not manipulated to some extent for the benefit of HFT. (VIEW LINK)


4 topics

Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.