Senate Subcommittee on Investigations to Hold Hearing on Conflicts of Interest, Investor Loss of Confidence and HFT

The Senate Committee on Homeland Security and Governmental Affairs' Permanent Subcommittee on Investigations scheduled a hearing to examine conflicts of interest in the U.S. stock markets and the impact of such conflicts on consumer confidence, including in the context of high-frequency trading ("HFT").

In particular, the hearing will focus on the conflicts of interest that arise between the obligation of brokers to provide their customers with best execution of their orders to buy or sell securities, and the brokers' receipt of payments from other brokers for order flow and rebates from some trading venues for placing those orders directly.

The hearing, which is titled "Conflicts of Interest, Investor Loss of Confidence, and High Speed Trading in U.S. Stock Markets," will be held on June 17, 2014 at 9:30 a.m.

See: Senate Subcommittee Hearing Agenda.