US Senator Ted Kaufman outlined dangers of manipulative algorithms in a letter to SEC chairman
Felix Shipkevich - November 20, 2009US Senator Ted Kaufman outlined dangers of manipulative algorithms and systemic risk in a letter to SEC chairman Mary Shapiro.
“Given that the Commission under current procedures is now blind to high frequency operations, the need for immediate action should not wait until the Commission has completed its comprehensive review,” Kaufman wrote.
