, Columnist
SEC's Stock Proposals Fix What Ain't Really Broken
Gary Gensler wants to level the playing field for regular folks navigating a fragmented marketplace.
SEC Chair Gary Gensler
Photographer: Kevin Dietsch/Getty Images North AmericaThis article is for subscribers only.
The festive period trading lull bypassed stock market pros: Just 10 days before Christmas, the Securities and Exchange Commission dropped a raft of proposed new rules on them. Running to 1,656 pages, the draft left market participants with plenty to absorb.
For wholesalers such as Virtu Financial Inc. and Citadel Securities, the reading wouldn’t have provided much joy as a key theme emerged: minimizing their role in the stock trading value chain.