Joseph Stiglitz Responds to SEC Panel Block

The transcript discusses the challenges faced by U.S. equity markets, particularly the impact of high-frequency trading on liquidity and price discovery. It emphasizes the necessity of regulation in financial markets to prevent excessive risks and highlights the unintended consequences of technological advancements and financial innovations. The discussion also touches on the influence of industry interests in nominations and the importance of balanced expertise in commissions.

What are the implications of front running in financial markets?

What lessons were learned regarding technology's impact on financial markets?

How did financial innovations contribute to market instability before the financial crisis?