The chairman of the U.S. Senate Banking Committee panel is urging the Securities and Exchange Commission to pick up the pace on its work to create an audit trail to track financial trades and police markets, Reuters reports.
Sen. Mark Warner (D-Va.), whose panel has jurisdiction over the regulator, said Wednesday that the SEC needs to complete the database that it proposed in 2012 as a response to the May 2010 “flash crash,” Dow Jones Industrial Average plunged nearly 1,000 points only to recover those losses minutes later. Almost three years later, the project is still far from completion, Reuters reports.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
