Charles "Chuck" Ellis Schumer
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| Charles Schumer | |
| |
| Occupation | U.S. Senator |
|---|---|
Charles “Chuck” Ellis Schumer is a U.S. Senator for New York. He also sits on the Committee on Banking, Housing, and Urban Affairs; the Judiciary Committee, where he is chairman of the Subcommittee on Immigration, Refugees, and Border Security; the Joint Economic Committee, where he is the vice chairman; and the Joint Committee on the Library.[1] He is the third highest-ranking Democrat in the Senate.[2]
Background[edit]
In July of 2009, Schumer wrote a letter to the Securities and Exchange Commission proposing to ban flash trades, noting an unfair advantage they created for hedge funds and Wall Street firms utilizing automated trading strategies.[3]
Education[edit]
References[edit]
- ↑ Biography. Senator Charles E. Schumer.
- ↑ Nasdaq: SEC Should Expand Focus Beyond Flash Orders. Securities Industry News.
- ↑ Protests over call to ban 'flash' trades. Financial Times.