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SEC's stock reform group fails to include US retail brokerages

Published Mon, Apr 27, 2015 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

New York

THE US Securities and Exchange Commission (SEC) is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages.

The SEC's 17-member Market Structure Advisory Committee includes representatives of fund companies, an exchange, off-exchange trading venues, dealers and academia, among others. The group, which meets four times a year, will review old rules, and advise the SEC on a range of new regulations designed to make sure the market is as stable and fair as possible.

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