×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: sec | gary gensler | nyse | nasdaq | stock market regulation | auction | price quote

SEC to Propose Big Changes to Stock Market: WSJ

SEC to Propose Big Changes to Stock Market: WSJ
U.S. Securities and Exchange Commission Chairman Gary Gensler testifying before Congress (Getty Images)

Monday, 06 June 2022 04:59 PM EDT

The U.S. Securities and Exchange Commission (SEC) is preparing to propose big changes to the stock market that could reshape how it operates, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Staffers at the SEC have begun floating plans with market participants in recent weeks, with Chairman Gary Gensler planning to detail a few of the potential changes in a speech on Wednesday, the report said.

The SEC did not immediately respond to a request for comment from Reuters.

One suggestion by the SEC staff that has gained traction is to require brokerage firms to have majority of individual investors' orders routed into auctions where trading companies compete to execute them, the WSJ said.

SEC officials are also aiming to reduce the maximum fee that exchanges can charge brokers to access their quotes, the report added.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S. Securities and Exchange Commission (SEC) is preparing to propose big changes to the stock market that could reshape how it operates, the Wall Street Journal reported on Monday.
sec, gary gensler, nyse, nasdaq, stock market regulation, auction, price quote, brokerage
141
2022-59-06
Monday, 06 June 2022 04:59 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved