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SEC Moves to Revamp Retail Trading

Cato Podcast

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The SEC's Proposed Rules on Retail Order Flow

The SEC has proposed new rules for trading in the stock market. The move would see constant auctions of retail order flow, says John Defterios. But it's not clear that wholesalers are earning any kind of rent on their place as a wholesaler, he says. He adds: "There's no reason to shake up what is a market system"

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