Were high-speed traders given an edge?

Welcome to the morning roundup. Here's a look at what's news in banking and finance.

High-speed traders given advantage? The SEC is investigating allegations made by a former Goldman Sachs trader that stock exchanges -- including Nasdaq and NYSE -- have given advantages to high-frequency traders over other investors, the Wall Street Journal reports. At issue are different kind of order types, which can affect the timeline of how they are processed.

BofA social responsibility evolving. In an interview with Forbes, Bank of America corporate social responsibility executive Andrew Plepler says customer demand for more good deeds from companies is changing how the private sector interacts with society. He also says the bank is working on increasing engagement in Asia, Europe and Latin America.

New Goldman CFO. Goldman Sachs has a new chief financial officer for the first time since its IPO in 1999, the Wall Street Journal reports. Harvey M. Schwartz, 48, comes from the sales and trading division. He will replace David A. Viniar, 57, one of the highest-paid execs on Wall Street.

Speaking of Goldman... The New York Times' Dealbook says today that Goldman has been able to maintain its dominance in the investment banking world in part by taking steps to "heal itself from self-inflicted wounds" (think "muppets"). That includes rejiggering its board and coming up with 39 ways to improve client relations.