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# FBI To Investigate High-Frequency Trading

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<!-- video src="https://cdn.jwplayer.com/manifests/VOWLSYFt.m3u8" -->
## Video: FBI To Investigate High-Frequency Trading

[Watch (HLS stream): FBI To Investigate High-Frequency Trading](https://cdn.jwplayer.com/manifests/VOWLSYFt.m3u8) (1:59)

![FBI To Investigate High-Frequency Trading](https://cdn.jwplayer.com/v2/media/VOWLSYFt/poster.jpg?width=720)

_Published 2014-04-01. Taking the guessing game out of the markets. It’s every investor’s dream— but only that, right? The FBI is taking a look after a new book suggests big investment firms have already pulled it off._


---

Jul 27, 2023 4:21 PM UTC

---

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### Loretta Lynch Will Accept the FBI's Investigation On Clinton Emails

---


## Transcript

Taking the guessing game out of the markets it's every investors dream but only that, right? Well a new book suggests not only have big investment firms already pulled it off, the phrase, time is money has never been so true. Now the FBI is investigating whether those firms are manipulating the market based on claims and interviews by the author of Flash Boys Two days after a 60 Minutes report claimed that the markets are rigged against everyday investors. Big banks using computers to buy and sell stocks faster than individual investors possibly can. We have executed 21 million shares already.

Wow and we are not even three minutes in. High- frequency trading and firms that use the tactics are nothing new, but Lewis and sources for his book he called Whistleblower, say computer algorithms have gotten to the point where large firms can see what other investors plan to do, and then jump them in line to get ahead of trends. And Lewis says nanoseconds can mean millions of dollars or even pumping a stock full of volume before halting the trades at the last second as something of a financial fake out. In part of the book, Lewis writes, The U. S. stock market was now a class system, rooted in speed, of haves and have- nots.

The haves paid for nanoseconds; the have nots had no idea that nanoseconds had value. It's an unfair playing field. You, and it's crazy for investors to be trading against people who have essentially knowledge of the prices before they do. But others, namely the big firms say Lewis' book is misleading and wonder what the big deal is. The CEO of high Frequency trading firm Trade Works told the New York Times, there's no unfair advantage to using your brain, last time I checked, in a capitalist society. Let's also remember the SEC has been very pro financial innovation. Whether they're, you, you know, it hasn't like they've ruled, did you ever see ruling which said they don't like high speed high frequency trading.

The Wall Street Journal reports the FBI, SEC, and other Government agencies are looking for more leads from traders. An FBI spokesman said, people will benefit to varying degrees by calling us at an early stage. I'm Lauren Borris, thanks for watching.

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