Mary Schapiro
SEC proposes ban on ‘Flash’ trading
Submitted by Sundeep Matharu on Fri, 09/18/2009 - 06:59
The US Securities and Exchange Commission voted unanimously to propose a ban on the practice of flashing marketable orders.
The SEC said Flash Orders, which are send to a selected group of traders, fraction of a second before making them public, could provide hedge-funds lead over other investors.
Obama expected to nominate Mary Schapiro as SEC chairwoman
Submitted by Medha Sood on Thu, 12/18/2008 - 13:22
Mary Schapiro, chief executive of the Financial Industry Regulatory Authority (Finra), is expected to be nominated as the chairwoman of the US Securities and Exchange Commission (SEC), by the President-elect Barack Obama in Chicago on Thursday.
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