High-Speed Traders Face Scrutiny by Levin’s Senate Investigators
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High-frequency trading is in the sights of a Senate panel that conducted some of the sharpest scrutiny of Wall Street firms over wrongdoing tied to the 2008 credit crisis.
Senator Carl Levin, chairman of the Permanent Subcommittee on Investigations, asked regulators to provide information on risks posed by high-speed traders in advance of a hearing this month, according to three people with knowledge of the matter.