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SEC to Prohibit Volume-Based Transaction Pricing among Stock Brokers

In a step expected to promote fairness and competition in the stock market, the Securities and Exchange Commission (SEC) has unveiled a new rule proposal. This rule prohibits national securities exchanges from offering a lower transaction price and rebates to brokerages with higher trading volumes.In a statement on the commission's website, the SEC's Chair, Gary Gensler, emphasized the need for a level playing field, stating that the current system unfairly burdens mid-sized and smaller broker-d... Read More

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Prohibit

Volume

Based

Transaction

Pricing

Among

Stock

Volume based

Brokers

Forex

Posted: Oct 18 2023, 20:37

Author Name: financemagnates

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