In the fallout from Michael Lewis’s new book “Flash Boys: A Wall Street Revolt,” many in the financial industry have grown concerned that some aspects of high-frequency trading might be illegal. Last week, Attorney General Eric Holder Jr. told the House Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies that the Department of Justice was investigating the practice to determine whether it violates insider trading laws.
“The Department is committed to ensuring the integrity of our financial markets—and we are determined to follow this investigation wherever the facts and the law may lead.” he told the committee.
