SEC Chairman Promotes Transparency and Fairness in Stock Trading Regulations

03/04/2023 04:57 • Crypto & Markets • 66 views

According to reports, Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), said that the revision of the stock trading rules would help promote competition and improve the transparency of trading; The payment based on order flow will bring conflicts in the transaction process and cannot balance the interests of brokers and investors; The new regulations will improve the execution of regulatory orders of cryptocurrency brokers; The SEC serves the entire American public; Every SEC proposal includes a thorough analysis of the economic situation; The so-called “zero commission” does not mean that it is really zero transaction cost.

Chairman of the SEC: The new regulations will improve the execution of regulatory orders of cryptocurrency brokers

Interpretation of the news:

The chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, recently spoke about the need to revise stock trading rules to promote competition and transparency in the market. He also expressed concern regarding payment based on order flow (PFOF), which can create conflicts of interest in the transaction process and fails to balance the interests of brokers and investors.

Gensler emphasized the importance of regulating cryptocurrency brokers by improving the execution of regulatory orders. The SEC aims to serve the entire American public and considers the economic situation of the country in every proposal.

One issue that Gensler raised was the concept of “zero commission,” which has gained popularity among some brokerage firms. He clarified that this does not necessarily mean that there are no transaction costs involved. Rather, these costs could be hidden in other areas, such as PFOF, that may not be transparent to investors.

The message from Gensler indicates that the SEC is committed to promoting fairness, transparency, and competition in the stock trading market, while ensuring that the interests of brokers and investors are balanced. The rise of cryptocurrency trading has brought new challenges to the regulatory environment, and the SEC is working to improve the execution of regulatory orders for these brokers.

The title reflects the overall message of the statement, which emphasizes the importance of transparency and fairness in stock trading regulations. The three keywords, SEC, trading rules, and cryptocurrency brokers, highlight the major themes of the statement.

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