By Taylor Tepper
June 15, 2016

If you have a 401(k), an IRA, or a mutual fund, you may be losing money on your investment without even realizing it. Brad Katsuyama, President and CEO of IEX—a market that seeks to be an alternative to the New York Stock Exchange—says the problem is that high-speed traders are speeding past portfolio managers to execute trades, driving up the prices at which mutual fund managers can buy shares and reducing the prices at which they can sell their shares. Over time, he says, this takes money out of the pockets of individuals who hold mutual funds in their retirement accounts.

Katsuyama says he hopes to bring fairness back to the stock market to ensure that this doesn’t happen anymore.

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