US Senator Ted Kaufman outlined dangers of manipulative algorithms in a letter to SEC chairman

US 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.

About The Author

Felix Shipkevich

Felix Shipkevich is a Manhattan-based attorney and general counsel for Shipkevich Law Firm. He has extensive experience working with the CFTC and NFA on registration, compliance, and enforcement issues for CPOs, CTAs, FCMs, IBs, and RFEDs. Felix also practices intellectual property and corporate governance law.