Banking, finance, and taxes

SEC Seeks Regulations for High-Frequency Trading and Order Routing

investor research
Thinkstock
Saying that she has begun moving forward on enhancing the U.S. equity market structure, Securities and Exchange Commission (SEC) Chair Mary Jo White told a New York audience on Thursday that she has directed the SEC staff to begin working on new measures to further promote market stability and fairness, enhance transparency and disclosure, and build more effective markets for smaller companies.

Recognizing that trading today is dominated by computer algorithms, White notes that investors in general are “doing better” now than they have in the past and that “the current market structure is not fundamentally broken, let alone rigged.” The U.S. Department of Justice has launched its own investigation into high-frequency and algorithmic trading to determine if the practice violates insider trading laws.

White is also recommending the creation of a Market Structure Advisory Committee to serve as a “resource for reviewing specific, clearly articulated initiatives or rule proposals.”

ALSO READ: States Spending the Most (and Least) on Education

 

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

 

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.