Senate sets June 17 hearing into HFT conflict of interest and harm to investors

We know that a number of class action law suits have been launched in the wake of the revelations in “Flash Boys”. Now this just in…

“High-frequency trading will face high-profile scrutiny next week when exchanges, brokerages and institutional investors come before a Senate panel looking for evidence of conflicts of interest in U.S. stock markets.

The Permanent Subcommittee on Investigation, led by Senator Carl Levin, is holding a June 17 hearing to examine the impact of conflicts on consumer confidence, he said in a statement yesterday. The panel will focus on how brokers balance the obligation to give customers best execution against services they provide for other brokers and trading venues, according to the statement.” See: High Speed Trading to be examined by Levin next week.

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