SEC Chief Takes Aim at Payment-for-Order Flow in Sweeping Plans for Stock Markets
- Gensler lays out his vision for revamping stock market rules
- Retail investors deserve a better deal, Gensler says
This article is for subscribers only.
Wall Street’s top regulator previewed a set of sweeping changes to rules underpinning the US stock market, setting up a major clash with some of the biggest names in equity trading.
Securities and Exchange Commission Chair Gary Gensler said he’s asked the agency’s staff to weigh the moves with the aim of making the $45 trillion US equities market more transparent and fair.