Business
SEC’s reform of securities trading rules draws criticism from Wall Street
Brokers and trading firms have pushed back forcefully against proposed changes by US Securities and Exchange Commission Chairman Gary Gensler to US securities trading rules. States, says the market is doing well for the average investor.
Mr. Gensler outlined the potential changes on Wednesday. In one of the key elements of his proposed rule change package, he said he has asked agency staff to consider asking brokerages to transfer investors’ orders to buy or sell shares. private investments into auctions, as part of an effort to increase competition in the marketplace.