by David Schwartz J.D. CPA | Dec 19, 2016 | All
Angry investor Clyde Calvin Grady II has had his day in court. In a November 2015 ruling, the U.S. Court of Claims dismissed Grady’s suit against Congress and the Securities and Exchange Commission alleging that, by failing to prevent the 2010 “Flash Crash,” the...
by David Schwartz J.D. CPA | Aug 13, 2013 | All, Change Overview and Rationale, Disclosure Regimes, Formal Regulatory Remedies
As they depart for the August recess, Congress has left some financial regulatory issues open to occupy their time upon their return next month. Bills addressing high frequency trading, exempting banks as municipal advisers, and relief for brokers engaging in private...
by David Schwartz J.D. CPA | Jan 23, 2013 | All, Change Overview and Rationale, Formal Regulatory Remedies
High frequency trading is once again in the sights of Congress. The use of sophisticated computer algorithms to trade securities on a rapid basis at speeds far beyond the capabilities of human beings garnered much attention in the wake of the 2010 Flash Crash, as well...
