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May 6, 2015

Politico Morning Money: Flash Crash Probe Sought

“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.”

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Read the full Politico Morning Money article by Ben White here.

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