U.S. SEC votes to advance stock market overhaul proposals

[BidenPresident]

NEW YORK, Dec 14 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday voted to propose some of the biggest changes to American equity market structure in nearly two decades, aimed at boosting transparency and fairness while increasing competition for individual investors' stock orders.

The proposals include requiring marketable retail stock orders to be sent to auctions before they are executed, a new standard for brokers to show they get the best possible executions for client orders, and lower trading increments and access fees on exchanges, the SEC said.

https://www.reuters.com/markets/us/us-sec-vote-proposal-overhaul-stock-market-rules-2022-12-14/

 

[Theywillneverlearn!]

In your own words...clueless...what does this mean? Be specific.

 

[Althea]

NEW YORK, Dec 14 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday voted to propose some of the biggest changes to American equity market structure in nearly two decades, aimed at boosting transparency and fairness while increasing competition for individual investors' stock orders.

The proposals include requiring marketable retail stock orders to be sent to auctions before they are executed, a new standard for brokers to show they get the best possible executions for client orders, and lower trading increments and access fees on exchanges, the SEC said.

https://www.reuters.com/markets/us/us-sec-vote-proposal-overhaul-stock-market-rules-2022-12-14/

The first thing trump did was to trash an Obama era law that made it mandatory for brokers to have the client's well being as the number one priority.

Why would anyone undo such a law?


Brokers charge ridiculous fees to execute a stock purchase. They claim that their advice is worth a fortune. It looks like that will change, but for those of us who don't use brokers, there are no fees for trades anymore as all of the players are competing for business. Before last year, trades cost $7 on most sites.

Quite frankly, if you have cash, short term CDs are paying almost 5% right now. Great way to earn while you are deciding what to invest in.