“In a letter to Congressional leadership, former Senator Ted Kaufman (D-Dela.) and President and CEO of Better Markets Dennis Kelleher today called on Congress to create an independent commission to investigate the so-called ‘Flash Crash.’ May 6th marks the fifth anniversary of that historic stock market crash. …
“‘While many investigations were done years ago into this unexpected, mysterious and gut-wrenching crash, none were very convincing and many questions remained. The recent shocking arrest of a lone day trader in London, allegedly for being ‘a cause’ of the Flash Crash, proves those concerns were valid and highlights the urgent need for a more thorough and credible investigation,’ Mr. Kelleher said.”
Read the full Politico Morning Money article by Ben White here.