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Benzinga
Benzinga
Politics
Wayne Duggan

SEC Chair Gensler Proposes 'Open And Transparent Auctions' As Alternative To Controversial Payment For Order Flow

Gary Gensler SEC Robinhood Securities and Exchange Commission NYSE

Securities and Exchange Commission Chairman Gary Gensler has outlined some major changes to U.S. stock trading rules the SEC is considering to protect retail stock traders.

These new rules could have significant impacts on the business models of popular online brokerages, including Robinhood Markets Inc (NASDAQ:HOOD) and Charles Schwab Corporation (NYSE:SCHW).

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