White House Reviews Ban on Trading Through Best Price on Stocks

The White House is reviewing whether to amend and potentially scrap a decades-old rule governing stock trading that’s meant to make sure investors get better prices for their transactions.

A proposal to modify the so-called trade-through rule was posted Monday on the Office of Management and Budget’s website. The Securities and Exchange Commission adopted the current version of the rule in 2005, when now-Chairman Paul Atkins was a commissioner there.