Overhaul of SEC stock trading rules comes under criticism from Wall Street

Brokerages and trading firms have forcefully pushed back against Securities and Exchange Commission Chairman Gary Gensler’s proposed changes to U.S. stock trading rules, saying the market is working well for ordinary investors. .

Mr. Gensler outlined the potential changes on Wednesday. In one of the key elements of his proposed set of rule changes, he said he had asked agency staff to consider requiring brokerages to route orders from individual investors for buy or sell stocks at auction, as part of an effort to increase competition in the market. .


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