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.

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...

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