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Benzinga
Benzinga
Business
Melanie Schaffer

What To Watch In GameStop Stock After SEC Chair Signals End To Payment For Order Flow

GameStop Gary Gensler NYSE Gamestop Corporation Securities and Exchange Commission fintech

GameStop Corporation (NYSE:GME) was sliding over 6% lower on Thursday, the day after Securities and Exchange Commission Chairman Gary Gensler said at the Piper Sandler Global Exchange and Fintech Conference that his staff was considering new rules around U.S. stock trading. 

The changes, which would be enacted to protect retail traders, could force the abolishment of payment for order flow and the ushering in of more transparent broker requirements such as a new auction process.

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