Estimated reading time: 0 minutes, 31 seconds

Gensler: SEC Looking at Retail Trading Apps, SPACs and Dark Pools

Chairman Gary Gensler said the SEC is looking at retail trading apps and SPACs out of concern for the wellbeing of smaller investors. So reports Barron’s.

Gary GenslerWhile it’s not clear what action the SEC will take, Gensler has repeatedly said that zero commission trades are “not free” and do come with costs that are not obvious. He did note that the agency would look at the equity market structure and also noted that other countries have banned payment for order flow.

Gensler also expressed concern about the number of orders that are routed to dark pools.

Read the full article from Barron’s.

Read 205 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.