SEC opens dark pools probe

SEC Building

The U.S. government is about to take the plunge into tradingdark pools.”

The New York Post reports that the Securities and Exchange Commission has opened several investigations into the lightly regulated platforms, known as alternative trading systems, a top watchdog has said.

The SEC has “significant cases in our pipeline related to alternative trading systems,” Daniel Hawke, chief of the SEC’s market abuse unit, said during a panel discussion at Columbia Law School.

“We think that when the current era of market structure enforcement by the SEC’s viewed in retrospect, we will be seen as having struck the right balance between a principled regulatory approach and an aggressive and comprehensive enforcement effort,” he added.

To access the complete New York Post article hit the link below:

SEC opens investigation into trading ‘dark pools’

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