Stock Trading Should Enjoy Same Protections as Credit Cards
Any company whose computer systems are part of the equity order flow, not just those engaged in high frequency trading, as CFTCLaw puts it , should be subject to regulation of this sort, private regulation that will kick in and get processors kicked offline long before the SEC or CFTC would ever be called, even before firms could put themselves at risk.
I don't think our stock trades have the same protection as our credit card transactions.
That scares me. Does it scare you?
At the time of publication, the author had no investments in the companies mentioned here. .
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.