Sen. Kaufman Calls For Flash Trading Ban

Law360, New York (August 24, 2009, 8:02 PM EDT) -- In a letter to the U.S. Securities and Exchange Commission on Monday, Sen. Ted Kaufman, D-Del., called on the agency to ban flash trading, as well as complete a full review of issues concerning market structure before making piecemeal changes that could make the current situation even worse.

“The SEC and the public it serves needs to step back and gain a clearer picture of what has happened,” Kaufman wrote in the letter. “We need a thorough review of market structure issues so that our laws...
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