(THE HILL) The head of the Securities and Exchange Commission on Tuesday pushed back against a new book that claims the financial markets are “rigged” by high-frequency traders.
“The markets are not rigged,” SEC Chairwoman Mary Jo White told the House Financial Services Committee. "The U.S. markets are the strongest and most reliable in the world."
White assured lawmakers that high-tech trading practices are not giving investors an unfair edge, but also said the SEC is closely examining the trades for potential problems.
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