Video: SEC's Mary Schapiro discusses flash and high frequency trading, upcoming regulation

August 5, 3:38 PMNY Markets ExaminerJennifer Shotts

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Mary Schapiro, Chairman of the Securities and Exhange Commission, goes on the record this afternoon on CNBC, discussing the regulatory issues that are currently on the table at the agency. 

Schapiro specifically discusses the importance of high frequency trading, flash trades, dark pools, and short selling,  issues that have recently come under a bright spotlight in that some participants say that big trading firms, and small ones, are enjoying enormous unfair advantages using these methods, but not all investors are able to get in on this game.  Sounds like much more deliberation is required on these subjects, rather than an outright ban as declared by Senator Chuck Schumer this week. She goes on to discuss the SEC's role as market regulator and how the Fed's new regulatory role will fit. 

Either way, Mary has got some institutional traders and money managers sweating.