Carl Levin

And that did not happen very often.

Is the algorithm RenTec's proprietary strategy?

The reality is that tax reform is moving slowly and the inversions are moving very rapidly, and, as I indicated before, I think that is a prescription for real chaos.

It is not a few of these inversions that you could put to bed with comprehensive tax reform.

I would adopt one of the Levin bills.

Senator Kirk and I, as co-chairs of the Senate Great Lakes Task Force, introduced this bill to target the most significant problems facing the Great Lakes and ensure that we implement these projects cost effectively.

The Great Lakes are one of the world's great treasures, providing drinking water to more than 40 million people; supporting 1.5 million U.S. jobs and $62 billion in wages; transporting critical supplies for manufacturing, electricity…

Thank you, Chairman Cardin and Ranking Member Boozman, for holding this hearing on the Great Lakes Ecological and Economic Protection Act of 2013 (S. 1232), which would help restore and protect the Great Lakes, the largest source of…

To closely monitor this situation and work with the railroads to find a timely solution.

The conflict of interests that we have discussed contribute to that lack of confidence.

We have had a good hearing today, I think a very constructive hearing, a very illuminating hearing.

And so the greater the rebate, that would be where you would go if it is otherwise best market.

And is it correct that TD Ameritrade receives payment either from a wholesale broker as payment for order flow or from an exchange as a rebate on nearly every trade completed?

There is a lack of confidence in the markets.

Would you let us know for the record if that, in fact, is the case?

The appearance of a conflict matters.

Would you rather review the trading in a nonconflicted environment?

And as free of conflict of interests as you possibly can?

There is a conflict inherent in that pricing schema.

Now, we looked at your Form 606 quarterly order routing disclosures for the quarter covered in the Battalio paper.

Would you take back to your company that request?

But would you rather be in a nonconflicted environment?

Because as simple as you can make--to inspire confidence, you would to make the market as simple as you possibly can and as transparent as you possibly can.

You want to have disclosure, you want to have transparency, but you would agree it may take government action to get that transparency?

So a best execution committee?