Law360 Interviews Scott Kimpel About SEC Reform to High-Speed Trading
January 11, 2013
BATS Error Not Enough To Spark SEC Trading Reform
Law360
The U.S. Securities and Exchange Commission found a renewed interest in high-speed trading and errors that accompany the process, facing pressure to act after BATS’ software systems failed to spot better prices on other markets. Scott Kimpel told Law360 that many market participants believe software glitches are a natural occurrence in equities markets, where complex technology is key to more sophisticated trading, and the SEC would be unwise to issue new rules before fully understanding the effect of past measures. Kimpel’s practice encompasses a wide range of matters involving the securities laws, mergers and acquisitions, joint ventures, financings, and corporate governance, among others.