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SEC chair tells House panel: ‘The markets are not rigged’

By Sarah N. Lynch WASHINGTON (Reuters) – U.S. Securities and Exchange Commission Chair Mary Jo White flatly rejected claims that retail investors are being fleeced by high-frequency traders who can use their speed to jump ahead with buy and sell orders that fetch better prices. “The markets are not rigged,”…

SEC nomination signals Obama’s tougher approach to Wall Street

The woman who prosecuted Mafia boss John Gotti is about to take over the policing of Wall Street. Barack Obama is expected to nominate former star government prosecutor Mary Jo White to lead the Securities and Exchange Commission (SEC), as the regulator attempts to dodge criticism that it has been…