SEC chairman Gary Gensler unveils plans to revamp US stock market rules

'We can do better for retail investors’

clock • 2 min read
Gensler stressed that the plans were still in early stages and that the agency would listen to concerns.
Image:

Gensler stressed that the plans were still in early stages and that the agency would listen to concerns.

The Securities and Exchange Commission chairman Gary Gensler has hinted at a set of substantial changes to the rules that govern the “uneven” US stock market in an effort to level the playing field for retail investors.

Speaking at a conference hosted by investment bank Piper Sandler on Wednesday, he said he had ordered SEC staff to review a number of substantial reforms, including the possibility of the introduction of an auction process to boost competition between services for retail investors. "Right now, there is not a level playing field among different parts of the market: wholesalers, dark pools, and lit exchanges," said Gensler. "It is not clear, given the current market segmentation, concentration, and lack of a level playing field, that our current national market system is as fair and com...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Josh Mayne, Lowes Financial Management

Structured products in Q2: Positive returns in volatile market

Q2 2022 maturity results

Josh Mayne
clock 09 August 2022 • 2 min read
Ritu Vohora, T. Rowe Price

Ritu Vohora: Bear market rally or a bullish inflection?

Pain for equities

Ritu Vohora
clock 08 August 2022 • 5 min read
European-focused investment grade and high yield credit have highest inflows since April 2020.

Fixed income dominates ETF flows in July

Accounted for $32.5bn

clock 08 August 2022 • 2 min read
Trustpilot