Carl Levin actually said...

"Conflicts of interest damage investors and markets--first, by depriving investors of the certainty that brokers are placing the interests of their clients first and foremost."

"Many, including this Senator, question whether the rise of high-speed trading is, overall, a good thing for markets and investors."

"Does that create a conflict of interest?"

"I hope this hearing will educate the public about high-frequency trading and broker conflicts of interest."