Wall Street

Wall Street stock trading rules set for overhaul: sources

Published by
Reuters

By Katanga Johnson and John McCrank WASHINGTON/NEW YORK (Reuters) – U.S. regulators are going to transform how Wall Street handles retail stock trades after the meme stock mania last year raised questions about whether mom-and-pop investors were getting the best price. Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), will announce on Wednesday potential rule changes that would require trading firms to directly compete to execute trades from retail investors to boost competition, according to four industry sources. He will also spell out how the agency plans to scru…

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