[Congressional Record Volume 160, Number 89 (Tuesday, June 10, 2014)]
[Senate]
[Page S3551]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           NOTICE OF HEARING


                permanent subcommittee on investigations

  Mr. LEVIN. Mr. President, I would like to announce for the 
information of the Senate and the public that the Permanent 
Subcommittee on Investigations of the Committee on Homeland Security 
and Governmental Affairs has scheduled a hearing entitled, ``Conflicts 
of Interest, Investor Loss of Confidence, and High Speed Trading in 
U.S. Stock Markets.'' The Subcommittee hearing will examine conflicts 
of interest in the U.S. stock markets and the impact of such conflicts 
on consumer confidence, including in the context of high frequency 
trading. In particular, the hearing will focus on the conflicts of 
interest that arise between the obligation of brokers to provide their 
customers with best execution of their orders to buy or sell 
securities, and the brokers' receipt of payments from other brokers for 
order flow and rebates from some trading venues for placing those 
orders directly. Witnesses will include representatives of stock 
exchanges, brokerage firms, and institutional investors, as well as a 
securities market expert. A witness list will be available Friday, June 
13, 2014.
  The Subcommittee hearing has been scheduled for Tuesday, June 17, 
2014, at 9:30 a.m., in Room 216 of the Hart Senate Office Building. For 
further information, please contact Elise Bean of the Permanent 
Subcommittee on Investigations at 224-9505.

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