SEC equity market structure proposal opposed by Republican senators.
In response to the SEC’s recent rule proposals focused on equity market structure, Republican senators have expressed concern with one proposal in particular. This proposal would require certain retail equity orders to be exposed to open auctions before they can be executed internally by any trading center that restricts order-by-order competition.
The SEC has stated that this proposal is designed to bring greater competition in the marketplace for retail market orders. However, the Republican senators have argued that the SEC has not released a detailed analysis of this proposal or elaborated on how it would increase competition.
They have also expressed concern that the proposal would require companies to build onerous and technologically difficult systems, thereby reducing competition. They have requested information from Mr. Gensler about the analysis the SEC conducted in issuing the proposal and requested a response by Feb. 3.
The SEC’s proposed rule change has sparked debate between the Republican senators and SEC Chairman Jay Clayton. The Republican senators have expressed concern that the SEC has not provided a detailed analysis of the proposal or explained how it would increase competition. They have also argued that the proposal would require companies to build onerous and technologically difficult systems, thereby reducing competition. They have requested information from Mr. Gensler about the analysis the SEC conducted in issuing the proposal and requested a response by Feb. 3.
The SEC’s proposed change to the equity market structure has been met with criticism from Republican senators. They have argued that the SEC has not provided a detailed analysis of the proposal or explained how it would increase competition. They have also expressed concern that the proposal would require companies to build onerous and technologically difficult systems, thereby reducing competition. They have requested information from Mr. Gensler about the analysis the SEC conducted in issuing the proposal and requested a response by Feb. 3.
The SEC’s proposed rule change has received criticism from Republican senators, who have argued that the SEC has not provided a detailed analysis of the proposal or explained how it would increase competition. They have also expressed concern that the proposal would require companies to build onerous and technologically difficult systems, thereby reducing competition. In response, the senators have requested information from Mr. Gensler about the analysis the SEC conducted in issuing the proposal and requested a response by Feb. 3. The comment period for the proposal is open until March 31.
The SEC’s proposed rule change to the equity market structure has been met with criticism from Republican senators. They have argued that the SEC has not provided a detailed analysis of the proposal or explained how it would increase competition. They have also expressed concern that the proposal would require companies to build onerous and technologically difficult systems, thereby reducing competition. In response, the senators have requested information from Mr. Gensler about the analysis the SEC conducted in issuing the proposal and requested a response by Feb. 3. The comment period for the proposal is open until March 31. It remains to be seen whether the SEC will address the senators’ concerns and provide the requested information.
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