SEC’s Gallagher Says Retail Bond Investors Fighting ‘Headwinds’
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The U.S. Securities and Exchange Commission should scrutinize corporate bond markets to determine if retail investors can find fair prices, said Commissioner Daniel Gallagher.
Gallagher, a Republican on the five-member commission that regulates securities trading, called for the agency to look at the imbalance of information available to retail investors and institutional traders in a speech yesterday at a financial-markets conference hosted by Georgetown University’s McDonough School of Business in Washington.