Sen. Chuck Schumer advocates an HFT tax to pay for the added regulatory oversight these...

|By:, SA News Editor

Sen. Chuck Schumer advocates an HFT tax to pay for the added regulatory oversight these transactions require. "If the SEC lacks the ability to oversee high frequency trading, then this needs to be corrected" via such a tax, Daniel Indiviglio writes; it might also curb equity markets' headlong rush into becoming "high-speed casinos rigged against individual investors."