Dark pools to face SEC plan seeking more light on how they operate
The plan comes on the heels of several enforcement cases in which the SEC accused dark pool operators of misleading investors
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Washington
DARK pools are about to be put on notice - time to go from black box to open book.
The US Securities and Exchange Commission is scheduled to vote on Wednesday on a proposal that would pull back the curtain on the private venues, which have faced complaints that they favour high-frequency traders over other investors. The plan would require that they disclose their rules of operation, including whether some traders get preferential treatment.
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