The Securities and Exchange Commission on Wednesday voted to propose a package of rule changes, including measures that could affect, but not block, the controversial practice known as payment for order flow.
In this practice, brokers send many small orders from individual investors to computerized, off-exchange market makers, who compensate the brokers for the order flow. The brokerage industry argues that the practice, which is banned in several countries, offers a net saving to investors, allowing for zero-commission trades...
Wish they had blocked that
Deregulation leads to growth BOOLISH
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SEC Charges Sam Bankman-Fried With Defrauding FTX InvestorsThe U.S. Securities and Exchange Commission (SEC) has charged Sam Bankman-Fried, the former CEO of defunct crypto exchange FTX, for defrauding investors of his platform. Braden Perry, Kennyhertz Perry partner and former CFTC senior trial lawyer, discusses the filing and what this means for the crypto industry. 'These SEC charges don't move the needle when it comes to the regulation of the spot market for bitcoin.' FTX_Official bradenmperry SECGov SBF_FTX Will there be a race to outlaw commingling & rehypothecation Sam brought his wallstreet tactics to crypto. This issue is crypto does not have a lender of last resort like Wallstreet does. Any regulation not outlawing commingling/rehypothecation in all markets is not serious. FTX_Official bradenmperry SECGov SBF_FTX Pass
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