Boom, Bust, Bailout


Throughout November and December, Kaufman would not give up his calls for transparency, and in hearings, floor statements, and letters to the SEC, he repeatedly stated the need to regulate high frequency trading practices and bring greater transparency to the market. In January 2010, the SEC began soliciting comments on high frequency trading and other issues, showing that the commission was undertaking a market structure review as Kaufman had requested in August.