High frequency traders in FINRA spotlight?

We've noted recently that high-frequency brokerages, a group of little known firms such as Lime Brokerage, have become an increasingly important source of liquidity in the stock markets. That has led to lots of concern about "sponsored access," by which clients of these firms directly interact with exchanges. They are sponsored effectively by the high-frequency brokerage. The worry by some is that there isn't enough oversight of this volume.

Regulators are not taking this concern lightly. "This is both of our problems, but it is particularly your problem," Ketchum told the sell-side crowd at the annual Security Traders Association's conference, as reported by Traders. "Brokers must understand what their customers are doing and gain real-time information about that activity to meet their oversight responsibilities for flow being sent to the market under their name." 

For more:
- here's the article

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