• Forum to explore high-frequency trading’s effect on financial markets

    The SEC and New York University will hold a forum to discuss the effects of high-frequency stock trading on financial markets. The event is planned as the fifth in a series hosted by the SEC’s Division of Economic Risk Analysis in partnership with NYU’s Salomon Center for the Study of Financial Institutions.
  • Investor groups want assurance of interactive data in financial statements

    The Council of Institutional Investors (CII) and the CFA Institute asked the PCAOB to ensure the accuracy of interactive data tags that public companies must embed directly into their financial statements using a process called the inline eXtensible Business Reporting Language (XBRL). The SEC rule did not impose an audit requirement of the interactive data tags, but the investor groups say having a level of assurance would increase confidence in the quality of financial information.