Typical, they know something bad is happening. But rather then stop it, or tax it to reduce the problem, they want tools to monitor it. If they need the tools to watch it, they know of the problem. NO action as usual!!! God bless the united states of corporations.
And the S.E.C. last year proposed what would be an even more high-powered monitoring system called a consolidated audit trail that would gather data on trades in real time from all United States exchanges, and be a powerful tool in helping regulators piece together events in case of another flash crash.
The monitoring “will provide regulators a critical new tool to surveil the securities markets and pursue wrongdoers, in a much more efficient and effective way than we can today,” said David Shillman, associate director of the S.E.C.’s trading and markets unit.
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