SEC May Order Nasdaq Upgrading

(Reuters) - U.S.

(Reuters) - U.S. securities regulators may force Nasdaq OMX Group Inc to upgrade its trading systems following last month's glitch-ridden IPO of Facebook Inc , the Wall Street Journal reported. The Securities and Exchange Commission is looking into what caused the glitches that left the market makers - who facilitate trades for brokers - in the dark for hours as to which trades had gone through. ...

U.S. securities regulators may force Nasdaq OMX Group Inc to upgrade its trading systems following last month's glitch-ridden IPO of Facebook Inc , the Wall Street Journal reported. The Securities and ...

And in the category of most made up charges by the SEC against a hedge fund billionaire we have:

Regulators in the United States made their first tentative steps this week to catch up with quickly evolving capital markets dominated by lightning-fast computer-driven trading. Proposals by U.S. Securities and Exchange Commission chair Mary Jo White to register all electronic traders, make marketplaces more transparent, and possibly even de-emphasize speed will take months or even years to come to fruition — if they do at all.

By Matt Schilling:On Wednesday, October 3, analysts at Lazard Capital upgraded shares of Semtech Corp. (SMTC). The firm raised its rating on the stock from a Neutral to a Buy and set a $31.00/share price target. As a result of the upgrade, shares of SMTC reacted quite nicely trading up as much as 2.11%.

Editor’s Note: Luis A. Aguilar is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on a statement by Commissioner Aguilar; the full text, including footnotes, is available here.