Mary Schapiro

Tyler Durden's picture

Full Kaufman Letter To Mary Schapiro, Or Is The HFT Party About To End?

Issues under attack include everything that currently lays the groundwork for a multiple-tiered market, including:

  • Flash Orders
  • High-Frequency Trading (with a juicy tangent regarding Renaissance Technologies)
  • Co-location of Servers at the Exchanges and Other Venues
  • Direct Market or Sponsored Access
  • Dark Pools
  • Liquidity Rebates
  • Retail Order Flow
Benjamin N. Dover III's picture

Ken Lewis Tips Mary Schapiro $33M For Good Service

SEC charges Bank of America with lying to investors to the tune of billions of dollars, but quickly realizes its mistake and settles for $33 million. Actual payment to be delayed until BofA teller in charge of petty cash drawer returns from vacation.

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