The SEC’s proposal to put retail stock trades to an auction would make markets fairer. It’s also complex and untested, and solves a problem most investors don’t know exists, says BenWinck:
U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021.
WASHINGTON, Dec 14 - Gary Gensler is going all-out to solve a crime with no obvious victim. The head of the U.S. Securities and Exchange Commission set out plans on Wednesday to overhaul the stock market in favor of retail investors, giving them fairer and better-priced trades. Big market-makers like Citadel Securities and Virtu FinancialThe centerpiece of the SEC’s proposal, to be put out for public comment if approved by a majority of the five commissioners, is the “order competition rule.
The profit that middlemen make from handling retail stock trades suggests Gensler has a point. The top 12 brokers collectively earned $3.8 billion last year by selling stock and options orders to market makers, according to
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Breakingviews - Breakingviews: Sam Bankman-Fried lacks cover of systemic riskSam Bankman-Fried couldn’t be blamed for mulling over past financial scandals with a degree of envy. The former boss of bankrupt crypto exchange-cum-hedge-fund FTX was arrested on Monday in the Bahamas at the request of U.S. prosecutors. That hasn’t happened to many mainstream financial hall-of-shame executives in recent years. Questions of guilt aside, the decentralised nature of the product SBF was promoting may have played a role.
Consulte Mais informação »
Breakingviews - Breakingviews: FTX sins don’t absolve its big-money enablersThe U.S. Securities and Exchange Commission wants everyone to know that Sam Bankman-Fried was a bad actor. That’s hardly surprising at this point. The financial watchdog and the Commodity Futures Trading Commission on Tuesday alleged that the founder of bankrupt currency exchange FTX committed fraud, while federal prosecutors made a criminal case. But none of that absolves his establishment enablers who contributed to the mess.
Consulte Mais informação »
Asian Stock Market: Indices display rough recovery firmer market mood, oil advances, US CPI eyedAsian Stock Market: Indices display rough recovery firmer market mood, oil advances, US CPI eyed – by Sagar_Dua24 Asia Inflation Oil SP500 Coronavirus
Consulte Mais informação »
It's stacking up: SEC to file separate charges against FTX's SBFAccording to unconfirmed sources, SBF will also soon be fighting United States Securities and Exchange Commission (SEC) charges relating to securities fraud and securities fraud conspiracy.
Consulte Mais informação »
Sam Bankman-Fried charged with securities fraud tracing back to the ‘inception’ of FTXFormer FTX CEO Sam Bankman-Fried charged with securities fraud by the SEC
Consulte Mais informação »
Canadian Securities Regulators to Strengthen Crypto Oversight After FTX CollapseCanadian securities regulator will strengthen its approach to crypto oversight and will consider enforcement action if crypto companies do not comply. By camomileshumba
Consulte Mais informação »