Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6996745026592538624
Gensler On Side of Investors Who Are Getting Hurt in Crypto Markets:
https://lnkd.in/gaatWbAK
U.S. Securities and Exchange Commission Chair Gary Gensler says behavior in crypto markets over the last two days is part of a pattern. He says investors in crypto get hurt when there is a lack of #disclosure or #rules. He spoke at a conference hosted by the Healthy Markets Association. Lack of #Disclosure in Playing with Other Peoples #Money while using excess #Leverage in highly Interconnected and Intertwined #Global #Crypto #Markets and #Exchanges underlies recent and prior financial markets debacles hurting the investors.
SEC Chair Gary Gensler on #FTX fallout: #Investors need better #protections in #crypto https://lnkd.in/gYzJT6Cn :
Why The SEC Thinks Retail Traders Get a Raw Deal: https://lnkd.in/gC_FR232 : Securities and Exchange Commission Chair Gary Gensler has suggested that brokers send small orders to #auction, instead of the prevailing practice of routing them to computerized #marketmakers. His ideas included changing the #pricing increments for #stock #quotes and #trades, improving #brokers’ #disclosures on #trading #performance, and the novel idea to send small orders to auction. The SEC has said these ideas may appear as formal #proposals before year end. The auction idea stems from Gensler’s skepticism that #investors benefit from the way stocks are traded today. The majority of orders still go to large #exchanges like the #Nasdaq and #NYSE unit of #ICE. But in the past decade, a third or more of all #trades have gone for execution at off-exchange market makers like Citadel Securities. These are mostly orders from individual #investors—or “#retail” #traders—sent by discount brokers like Charles Schwab (SCHW). The market makers pay brokers for the #orderflow — another practice that Gensler would consider banning, as a conflict-of-interest.
Payment for Order Flow Worries the SEC.. Because that is Exactly SEC’s Job to Worry About Investor’s Interests as Other Market Players Don’t! So other Influencers [You Know Who You Are!] Are Advised to Let the SEC Do Its Job… As Consumers and Investors Can’t Trust the Foxes Guarding the Chicken Coop Any More!
https://lnkd.in/gapM97kr
Instead of cherry-picking any one specific study or related finding(s) or waxing poetic about what SEC should or shouldn’t do, any objective player should examine the plethora of studies such as meta-analyses of Pay for Order Flow and other issues on which each of them have an opinion as beneficiaries of consumers’ and investors’ trading and orders.
#PayForOrderFlow: IN DEPTH: LATEST: https://lnkd.in/gnp8d-UJ :
#SEC #Chair #GaryGensler #Investor #Protection #Securities #Markets
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