Professor James Fanto spoke to Bloomberg News about the SEC’s 2005 push toward electronic trading, which has resulted in several high-profile technological lapses over the past few years. He explained that that shift has ultimately undermined the SEC’s power of oversight: “It’s partly that they don’t have the resources and can’t attract the people who could follow all this. It’s hard to do. I think it just adds to the sense that they don’t know entirely what’s going on either.”
Read the full article.