SEC Chair will not give a book review
April 30, 2014
Yesterday, in her testimony to the House Financial Services Committee, SEC Chair Mary Jo White fielded questions about the argument of Flash Boys. She drew a legal distinction between unlawful insider trading, having earlier access to order information, and being able to react more quickly to publicly available information. She then affirmed that the use of exchange data feeds, approved by the SEC, does not constitute insider trading if used properly.
Equities market buffs will find the three key minutes of video here.